Cryptocurrency is a broad and diverse asset class that comprises everything from the well-known Bitcoin Cryptocurrency to a range of other digital assets. While the widespread adoption of Bitcoin has tempted many to make an investment in Cryptocurrency, others are concerned about hacking or losing their money to fraudulent investment. For those who want to invest in Bitcoin, it’s important to understand the pros and cons of Cryptocurrency investment.
Bitcoin and Ethereum are the two largest cryptocurrencies by market capitalization, and are more established than many other crypto options. The popularity of Bitcoin and Ethereum means that they have a potentially large pool of buyers and sellers, but it also means that they are more volatile than other cryptocurrencies. As a result, invest need to consider the risks associated with invest in Bitcoin or Ethereum.
Here's why Cuban thinks you should buy Bitcoin as a safe haven investment. The simple reason Cuban prefers Bitcoin to gold is that Bitcoin has a fixed supply, as opposed to gold. Bitcoin has a limited number of coins that will ever exist, and its price is more likely to increase over time as demand rises. This makes it an attractive option for invest looking for a store of value.