This is a question that has been bothering most of us for the past three years, ever since Bitcoin came on the scene and made waves in the financial world. People were vacillating whether to invest or not, will they invite government sanctions or not .. Will their investments be confiscated and whether they would have to face the wrath of the law. But some people in spite of this confusion and unclear policy guidelines did invest and hold fortune in bitcoin, the most famous of the crypto currencies.
People keep asking me, is it the right time to invest in creptos ? We are losing time, there are thousands of crypto currencies already in the market. Which one would be a safe bet and which would give us attractive returns in the long run ?
Frankly speaking, it is a big question.
To find more about this I did a search and came across this HBR fictional case study. (click here) in the publication of Nov 2021, where a CEO of an educational startup wants to decide on collecting fees and paying the vendors using bitcoin. After much deliberations and consultations, the startup decides to go for bitcoins, knowing fully well that an appreciation in the value could bring great gains for the company and a fall in value could even wipe it out of the market. Even the US government does not recommend its wid spread usage and users are doing it at their own risk.
A country like China has declared all crypto currency transactions to be illegal from September '21. (click here for a BBC report).
George..
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