Cryptocurrency may be a decent investment if you're willing to recognise it's a high-risk gamble that could pay off – but you could lose all your money. 2022 has seen a global crypto price crash, with bitcoin prices dropping.

Before you purchase and sell digital currency, know the hazards so you can decide if investing in it is a wise option. This page explains cryptocurrencies.

Governments and financial regulators in almost every country have warned investors of the risks posed by buying cryptocurrency.

Early investors in cryptocurrencies like bitcoin likely gained money: If you invested £310 to acquire one bitcoin in April 2016, it would be worth $24,000 now.

There is no guarantee a cryptocurrency will remain in action in the long run. For example, of the top 10 cryptocurrencies by market value in 2013, only seven are still functioning today.

In 2013, one bitcoin was valued $112 and the market value was over $1.2bn. By May 16, 2022, one bitcoin is worth $30,000 and the market is valued $1.3trn.

JP Morgan Chase encouraged clients in February 2021 to put 1% of their portfolio in bitcoin to diversify.

The regulatory uncertainty that surrounds bitcoin, and cryptocurrency in general, is one of the reasons so many investors discount it entirely. at the end of  the conversion, it is completely up you to invest in crypto