$BTC Investing in crypto is quite risky: probably everyone would agree with this state of affairs. What are the risks associated with it? Yes, the value of crypto coins is determined solely by supply and demand. In some cases, the exchange rate of cryptocurrencies is backed by real assets. In this context, we can talk about oil, gold, fiat currency, for example.

Crypto prices are quite volatile; they can fluctuate daily. Every user can regularly track cryptocurrency rates online. Thus, the anti-record of last year was the price of Bitcoin, which significantly dropped in mid-May. It was valued at $26,000. Whereas in November of the previous year, it reached a historical peak: the price then was $67,000. It is very difficult for many investors to endure such price fluctuations.

However, investing in crypto also brings good profits. Thus, by investing a few hundred dollars in coins that are increasing in value, one can become a millionaire in a few years. A vivid example of a crypto investor, Cooper Tarley, confirms this.