Points to Remember before Investing in Bitcoin and Cryptocurrencies

Sitting in 2020, we don’t actually need to define cryptocurrencies or Bitcoin to a person who even has the slightest of knowledge about the latest technological advancements and developments in the financial space. Having been introduced in 2009, Bitcoin, the digital coin that holds the crown for being the world’s first cryptocurrency, has now become part and parcel of payment settlement pedagogies worldwide.

Where the world leaders are going gaga over Bitcoin and the excellence of its underlying technology, blockchain there still exists a class of elite businessmen who prefer to maintain distance from the new-age currencies. One such name is Warren Buffett, a renowned business icon, investor, and philanthropist hailing from America. He serves as the chairman and CEO of Berkshire Hathaway. The spearhead is a keen observer of the financial world and has never shied away from giving his sharp remarks on the latest offerings. Interestingly, Warren has been quite skeptic about cryptocurrencies. He, on multiple occasions, has questioned the authenticity of virtual currencies and has kept himself away from getting involved in its trading or investments.

The leader’s cold attitude towards cryptocurrencies has been a worrying thought for all the big crypto players who are anxiously willing to see his participation in the industry. Investors like Warren Buffett can play a significant role in bringing cryptocurrencies to the mainstream business. His choice of investments and opinions can bring about a major boost for the crypto trading activities. Though there can be multiple reasons for big investors like Warren not entering in the crypto world, one of the prime reasons is the uncertainty revolving around them.

In this article, we are trying to culminate all the core factors which an investor looks for or finds before investing in a property or stock. This will help us understand if Bitcoin satisfies those criteria successfully or not. Have a look:

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