Is Investing In Cryptocurrencies Worth The Risk, Given Heightened Volatility?

There are enough signs in the market that digital currencies will stay even if they don't replace conventional money

The euphoria and excitement around digital currencies have been drawn parallel with Netherland's 17th century Tulipmania, a metaphorical reference to an economic bubble. Gabriel Makhlouf, the British economist and European Central Bank governing council member, has even predicted that Bitcoin investors must prepare to “lose all their money”. And while crypto-mania has taken the world, including billionaires and celebrities such as Elon Musk and Snoop dog, by storm, it's important to underscore the volatility that accompanies the investment in digital currencies. Therefore, one question that almost everyone has been asking: "Is it worth the risk?" Let's understand this keeping in mind the following factors. 1. Is cryptocurrency here to stay? There's no denying that there is a huge risk that accompanies your investment into any cryptocurrency. The prices fluctuate massively, but that doesn't mean a patient and an attentive investor can't make money out of it. So, while it may not be as safe at the moment, efforts are on to make it safer. There are enough signs in the market that digital currencies will stay even if they don't replace conventional money.