Bitcoin (CRYPTO: BTC) has been making waves after Tesla announced it was buying $1.5 billion worth of the cryptocurrency.
Although the price of Bitcoin has soared recently, reaching a record high of around $45,000 on Feb. 10, it’s an incredibly risky investment. On more than one occasion, Bitcoin’s price has plummeted, at one point losing nearly 80% of its value. In fact, between Jan. 1 and Jan. 26 of this year, Bitcoin dropped by more than 25% before bouncing back.
While it’s possible to make a lot of money investing in this cryptocurrency, there are better options out there. These investments carry less risk, but there’s still potential to earn higher-than-average returns.