Nischal Shetty, WazirX CEO on How Safe is it To Invest in Bitcoin

By February 9, 2021No Comments

Bitcoin is a new alternative asset class. It has been around for over a decade, and it has withstood two global recessions. Bitcoin has a pre-programmed limited supply of 21 Million BTC. This makes it a great hedge to protect fiat portfolios. Due to its inflation-beating qualities, cryptocurrency may be used as a hedge like gold.

In 2020, we saw FinTech giants like MicroStrategy, Grayscale, Square, Paypal, and more jump into crypto. With increasing institutional participation, Bitcoin is emerging as a store of value around the world.

Over the next few months, we’ll see crypto go mainstream much faster with more retail investors, and first-timers are entering the market. The most important thing that first-time investors should bear in mind is that crypto is a high risk, high reward investment option. You should invest based on their risk appetite.

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