Have you bought crypto currencies or NFTs (Non-Fungible Tokens)? Are you curious, but waiting for crypto to be more mainstream? Do you think crypto is “the emperor’s new money” and basically fake?
In the simplest terms, crypto currencies and NFTs are computer code secured assets using complex cryptography. Are they worth anything? Bitcoin, the granddaddy of cryptos, is now valued at about $1 trillion. (For reference, the total value of US currency in circulation is just over $2 trillion.) Crypto is growing and evolving, but it’s still complicated and volatile and is accompanied by some outright scams.
Only invest in something you really understand and only an amount of money you can afford to lose! If you are interested, be sure to do your own homework, start small, and take your time. Or don’t touch it at all for now? Don’t fall for the old “fear of missing out.” There are plenty of other places to put your money.