How to use caution when investing in cryptocurrency


Technology has made investing easier than ever before, but it has also increased the risks that investors face.

For several years now, cryptocurrency has been a continuously trending topic of conversation among financial regulators, media, professional investors, and everyday Americans. Both supporters and critics alike have strong feelings about crypto as an investment platform.

For readers who may not know, a cryptocurrency is an unregulated, digital-only currency that is not backed by a bank or a government and has no physical existence , unlike traditional currency.

While cryptocurrency has grown in popularity among investors of all ages, several cryptocurrency exchanges have filed bankruptcy in recent months, prompting a slew of criminal, regulatory, and Congressional investigations.

All investments come with a risk, but cryptocurrencies and other digital currencies come with their own specific risks since they are largely unregulated and do not exist in the real world. Tennesseans who are thinking of investing in cryptocurrency or digital investment types should…

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