If You Want to Invest in Crypto Without Investing in Crypto, Consider These Lower-Risk Options


a man holding his hands up: Bitcoin cryptocurrency symbol on yellow balloon.

© Velishchuk / Getty Images/iStockphoto Bitcoin cryptocurrency symbol on yellow balloon.

Investors interested in cryptocurrency are probably aware of the huge swings in price for Bitcoin and its peers in recent weeks. Bitcoin’s price tumbled to around $31,000 over the weekend, The New York Times reported, which represented a drop of more than half from last month’s high. But on Monday the price rebounded to above $37,000.

See: Cryptocurrency Jargon — A Guide for the Crypto-Curious

Find: Cryptos’ Market Value Almost on Par with Gold’s, Analysts Say

Considering its volatility, cryptocurrency is not for the faint of heart. It not only tends to make wild swings in price, but it’s also expensive, it can’t be bought through traditional brokerage accounts and doesn’t have backing from financial institutions, CNBC reported.

So what’s the best way for investors to get a piece of cryptocurrency without actually buying the coins? One alternative is to invest in companies that either have crypto-related services or hold the coins themselves

If you want exposure to cryptocurrency without the direct risk, here are some options:

See: Robinhood Gives Retail Investors Access to IPOs, Ahead of Public Debut

Find: 10 Cheap Cryptocurrencies to Check Out

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This article originally appeared on GOBankingRates.com: If You Want to Invest in Crypto Without Investing in Crypto, Consider These Lower-Risk Options

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