CNBC Make Link spoke to of bitcoin often say it the common concerns surrounding the. But the cryptocurrency also creates a wide array of concerns: Some worry that bitcoin is a bubbletoo risky when you buy and whether to fraudto name a few.
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Many cryptocurrency projects are untested, and blockchain technology in general has yet to gain wide adoption. Indeed, like gold, "there's no question that bitcoin can be a hedge against inflation, depending on the time frame of when you buy and whether it's held or sold," Ledbetter says. Other things to consider include how crypto is taxed and what you can buy with cryptocurrency. This reduces the size of the reward you'd get for a successful block, but increases the chance that you could at least get some return on your investment. January 19
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