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The pros and cons of investing in highly volatile cryptocurrencies

When 29-year-old Sam found out that his younger brother had made 30,000 trading bitcoin, he couldnt believe what he was hearing. The self-employed musician decided to put the last 2,000 of his savings into various cryptocurrencies, hoping he could double his money. However, wild swings in crypto valuations are proving a test of his strategy. Presenter Claer Barrett explores the highs and lows of investing in cryptocurrencies with experts Abhishek Sachdev, a professional investor who has personally invested 20,000, and Eva Szalay, the FTs currencies correspondent. They discuss cryptos long-term potential as an asset class and the risks that investors such as Sam need to be aware of, as well as the allure of investing in highly volatile unregulated assets.Review clips: BBC Newsnight, CNBC.

If you would like to be a guest on Money Clinic and chat to Claer about a money issue thats bothering you, get in touch our email is money@ft.com - and you can follow Claer on Twitter and Instagram @ClaerB.

Further reading:

-Read Eva Szalays article Bitcoin: too good to miss, or a bubble ready to burst?

-Following Elon Musks tweets about the environmental impact of mining Bitcoin, check out this FT article Bitcoins growing energy problem: Its a dirty currency

-Here is how the FT covered the story of the Bitcoin price crash last week

-Check out our recent investment masterclass episode with FT columnist Merryn Somerset Webb, where she chats to Claer about Bitcoin and all kinds of other investment trends

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Read the rest here:
Bitcoin: I'll either be rich, or wrong - Financial Times