Bitcoin is hotter than ever. Is it time for the average investor to get some skin in the game?
Only if you’ve got cash to spare, says Mark Cuban, the billionaire investor and Shark Tank host.
“It’s still very much a gamble,” Cuban said of buying Bitcoin in a recent interview with MONEY. “It could go to $15,000 or zero and maybe both on the same day.”
The price of Bitcoin recently shot past $13,000, and experts are split on whether the cryptocurrency is a good investment or not. Several stocks are soaring on the rising fever, and the infamous Winklevoss twins have been minted “Bitcoin billionaires” thanks to its meteoric rise in valuation over the last year. There could be at least 200 Bitcoin billionaires in the world already, and some people are even selling off their own assets and betting on Bitcoin as a longterm strategy for wealth accumulation.
