Cryptocurrencies have the potential to be a good investment, but with an outstanding amount of risk. The evidence is everywhere, with many articles proclaiming that it is not worth making an investment or stay away from it at all costs.
But people who invested in Bitcoin in 2012 and have delayed withdrawing for the past five years become millionaires because Bitcoins are on upward trends to date.
The key to assessing if cryptocurrencies are a worthwhile investment is all about your intention. If you’re looking at short-term benefits and quick profits, then chances are it’s not a good decision to invest in it. However if you’re comfortable with waiting ten plus years for potentially exponential returns or even profit, then there might be some merit in investing in this emergent digital currency for speculative purposes.