Here's Why Bitcoin Isn't Right for Me
When we think about the hottest investments of 2021, it's easy to land on Bitcoin (CRYPTO: BTC), whose value has soared over the past few months in particular. But while a lot of people I know are eager to jump on the Bitcoin wagon, I'm staying away. Here's why.
Let's be clear -- I know what Bitcoin is. It's a digital currency that's becoming more widely accepted as an alternative to actual cash. But I don't fully understand how it's mined and why it's so limited in quantity, despite my very tech-savvy husband explaining it several times over.
One rule I like to follow with my money is to never invest in something I don't understand. There was a time, for example, when I didn't quite get how REITs (real estate investment trusts) worked, so I read up on them until I had more clarity. I've tried learning more about Bitcoin but there are still aspects of it that confuse me, and so I don't think it's the right place for my money.
Source Fool.com
