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Bitcoin’s soaring popularity and value since its inception in 2009 is a curious case for many investors. Like the Internet boom, cryptocurrency also took only a few years to become a mainstream topic, and it is growing now more than ever. Many investors, as well as professionals, have made cryptocurrency investment a part of their portfolio. But Bitcoin and other cryptocurrencies, unlike fiat currency, aren’t a physical asset. These digital currencies do not follow a centralised system and don’t rely on banks. Their transactions happen through a decentralised network of computers.
So, are we investing in anything at all? Or are we just speculating some returns that may happen only in the far future?
In 2018, business magnate Warren Buffett had publicly denounced Bitcoin as not an investment. Three years since, the world has seen a lot happening on the cryptocurrency front. On one hand, there are business giants investing in these digital assets. On the…
