Investors must consider risks when investing in cryptocurrency
By Henry Murray and Idil Kolabas | February 9From celebrities appearing in cryptocurrency commercials to the repetitive, self-proclaimed investing gurus on TikTok, cryptocurrency has grounded itself in social media and pop culture. However, its swift growth on the internet has exposed many of the dangers of the business. While investing money is smart, and a new realm like cryptocurrency is encouraging for people looking to make money, the lack of understanding that most people have of cryptocurrency is frightening. Cardify, a market research platform, conducted various studies on the state of cryptocurrency in recent years and found thatover 83% of investors reported having only a moderate to low understanding of what they were investing in. As people are bombarded with information about cryptocurrency online, many feel pressure to get involved without any knowledge of the business, for fear of missing out. This trend of rash decision making, especially with something as volatile as cryptocurrency, has the potential to lead to significant loss.









