Business · Markets · 7 hrs ago

Experts urge young investors to research crypto and limit their risk

Experts urge young investors to research crypto and limit their risk

At an investor event, crypto industry speakers urged young people to research before investing in digital assets.

They said beginners should start with a small amount they can afford to lose and avoid using money they may need soon.

The speakers said Bitcoin’s limited supply is part of its value, while Ethereum supports applications built on its network.

Tokenisation and stablecoins are developments to watch: tokenisation puts assets on a blockchain, while stablecoins aim to keep a steady value.

The speakers also flagged quantum computing as a possible future challenge to blockchain security, though developers are working on potential upgrades.

Investors in India should watch regulatory developments, including the role of the central bank’s digital currency.

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What people are saying

Vimal Sagar TiwariCoinSwitch cofounder
First of all, whenever you try to invest in any asset class, the basic is to try to understand its fundamentals,
via Business Standard
If you want to try crypto, I would say try a very small amount, the amount which you are okay to lose as well,
via Business Standard
S B SekerBinance head of Asia-Pacific
If you don’t have confidence in something, you don’t allocate towards it,
via Business Standard