Anyone who invested in Bitcoin in 2020 would have made a good deal. At the time, the cryptocurrency was worth around US$8,000 . Now it’s worth five times that.
"Many are afraid of missing out. That's why they're getting in," says Hartmut Walz, an economist at Ludwigshafen University of Applied Sciences in Germany. Owners have to keep the private key that controls access to this wallet as secure as possible. Figuring this out and setting it up took time, patience, and some technical knowledge.
Cryptocurrency is a volatile asset. Even a tweet can send values skyrocketing, as when Tesla founder Elon Musk announced last year that in future people will be able to buy his cars using crypto.
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