FIJ
A recent study by Investing Reviews has shown that the world’s most googled investment question is “How do I invest in cryptocurrency?”.
According to the study, the question “How do I invest in cryptocurrency?” is searched an average of 150,400 times every month around the world.
Coming after the most Googled investment question is “How can I start investing?”. Investment Reviews revealed that this second most searched investment question gets an estimated 137,000 average monthly searches online.
IS CRYPTOCURRENCY A GOOD INVESTMENT?
Also known as crypto, cryptocurrency is refers to any digital currency that serves as a medium of exchange through a computer network. It does not depend on central authorities like governments and banks for maintenance.
Crypto is a volatile investment, i.e., it experiences frequent and large upward or downward movement in value. However, it could be a great investment with massive returns overnight.
Last year November, the price of bitcoin, which is the most popular cryptocurrency, dropped below $16,000. It reached a record high of $69,000 in 2021. At the moment, one bitcoin is worth around $23,000.
To understand the nature of cryptocurrency, FIJ spoke with a crypto trader who does not wish to be named. He told FIJ that investing in cryptocurrency is good, but the e-currency is often influenced by financial goals and risk tolerance.
According to the source, many people around the world are now saving in crypto to hedge their funds. This means crypto protects investors against bad government policies and inflation.
