Crypto is a high-risk investment with potential for high returns, but experts advise caution.

From Nasdaq

October 6, 2024 7:00 am:

Cryptocurrency is a divisive investment. While some see it as the future of currency, others warn of potential losses. In 2013, bitcoin saw a 5,189.37% return, dwarfing the S&P 500’s 14.40% annual gain. However, with high potential returns comes high risk. Over 2,500 cryptos have “died,” and even bitcoin has lost value in past years.

Financial experts like Suze Orman support crypto for young investors but caution against substantial risk. Warren Buffett calls bitcoin “rat poison squared,” while Dave Ramsey and Charles Schwab also advise caution. Consider investing no more than 5% of your retirement funds in crypto, and be prepared to lose it all.

Read more at Nasdaq: Crypto and Your Retirement Savings: Should You Risk It?