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Should you invest in Bitcoin?

With all the hype, many people are wondering if they should invest in bitcoin. But the cryptocurrency also creates a wide array of concerns: Some worry that bitcoin is a bubble, too risky to invest in or susceptible to fraud, to name a few. CNBC Make It spoke to bitcoin and fintech experts about the common concerns surrounding the cryptocurrency.

What is the culture around bitcoin?

“The culture around bitcoin is part of the appeal,” says Finn Breton, professor of science and technology at the University of California Davis and author of “Digital Cash: The Unknown History of the Anarchists, Utopians, and Technologists Who Created Cryptocurrency.” “When you buy bitcoin, you’re actually buying into a whole scene,” Breton says.

What's happening to bitcoin?

Crypto fans brushed off the billionaire investor and Berkshire Hathaway CEO's warnings, driving bitcoin's price up from around $7,000 at the start of 2020 to over $64,000 in November 2021. However, the currency has plunged 65% to below $17,000 since the beginning of 2022. 1. "Cryptocurrencies basically have no value and they don't produce anything.

Is bitcoin a bubble?

But the cryptocurrency also creates a wide array of concerns: Some worry that bitcoin is a bubble, too risky to invest in or susceptible to fraud, to name a few. CNBC Make It spoke to bitcoin and fintech experts about the common concerns surrounding the cryptocurrency. Is bitcoin too risky for the average investor?