Is Bitcoin a Good Investment for Your Portfolio?

Bitcoin experts aren't buying because of an ETF rollout. Rather, they believe in bitcoin's long-term potential as a store of value and as an investment. Doug Cohen from Fiduciary Trust International tells Quartz why he thinks the crypto currency might be a good speculative investment.

Edelman stresses that bitcoin is highly speculative, with a history of volatility, but he believes its potential makes it appropriate for a long-term investment strategy. But deciding if Bitcoin has a place in your portfolio requires looking beyond today's headlines. Bitcoin is a risky investment with high potential returns, but also high volatility.

The recent crypto rally has financial advisers taking another look as investors worry about missing out on big gains. With the recent surge in Bitcoin's price, many are wondering if now is the time to jump on board.

What are the basic rules for investing in crypto? Keep your money as safe as possible by following some guiding principles. Cryptocurrencies are digital assets people use as investments and to buy stuff. Crypto isn't a good investment because of its volatility and the potential for loss.

Bitcoin price action history suggests that similar to the halving events of the past, the halving event on April 19 could provide an opportunity for investors. While it takes about four years to complete this much mining, the specific day it will occur cannot be accurately predicted until the event is closer.