The cost of crypto: Weighing the pro and cons of investing in Bitcoin

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DPA

Berlin (dpa) — Anyone who invested in Bitcoin in 2020 would have made a good deal. At the time, the cryptocurrency was worth around $8,000. Now it’s worth five times that. Stories of such fabulous profit opportunities are attracting more and more investors to the crypto market. Cryptocurrencies are digital, cashless means of payment. They are managed and traded in a decentralised, secured payment system on the internet without the control of banks. Almost 300 million people owned digital currencies at the end of last year and the figure is predicted to reach one billion by the end of 2022, the…

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