Home Finance Martin Lewis issues urgent warning on Bitcoin investing – 'you should not...

Martin Lewis issues urgent warning on Bitcoin investing – 'you should not be speculating'

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Martin concluded by detailing that the future is never completely knowable and Bitcoin investing remains uncertain: “So, understanding [Bitcoin investing] is not necessarily a bad thing to do, but you have to understand the risks.

“We may be sitting here in three years, and everybody who put money in it is going ‘sweet, I have made three times what I put in’ and we may be sitting in here and go ‘God Bitcoin, how on earth did I fall for that? The drop in price, I lost virtually everything’.

“Nobody actually knows, and some people get angry with that and say ‘yeah we do know the price is going to go up, there’s been a fundamental change in the dynamic’ well we’ve heard that before in different balloons and bubbles.

“It may well be [a bubble], it may not be, but it certainly could be, so you need to understand the risks.

While Bitcoin and other cryptocurrencies may be making headlines, it appears ownership is still limited, especially among older investors.



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