FANS of the popular Netflix docuseries Tiger King can now put their cash in a cryptocurrency with the same name.
We explain what you need to know about the crypto and why the price has increased.
But first, a word of warning: If you’re thinking of investing, be aware that cryptocurrencies are highly volatile and you may lose all your money.
Investing doesn’t come without risks, and you should never put cash into something you don’t understand or that you can’t afford to lose.
Newer cryptocurrencies are riskier than more established ones, such as Bitcoin, and make you more open to scams.
There’s also scant regulation for cryptocurrency firms, so you may struggle to put things right if and when things go wrong.
5 risks of crypto investments
BELOW we round up five risks of investing in cryptocurrencies.
- Consumer protection: Some investments advertising high returns based…