Bitcoin's extreme volatility labels it a risky, speculative investment for long-term growth.
Bitcoin's extreme volatility has led financial experts to label it a risky, speculative investment, with some suggesting it should be a small part of a diversified portfolio. Rapid price fluctuations make managing risks challenging, and the lack of tangible assets or government backing adds to the unpredictability. Investing experts generally advise against using Bitcoin as the foundation for retirement savings and recommend a well-diversified portfolio, including stocks and bonds, for long-term growth.
August 08, 2024
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