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How to Buy Bitcoin: A Guide to Investing in the Cryptocurrency

Has the cryptocurrency’s recent rebound piqued your interest? Here’s a primer for latecomers just now tuning in.

Bitcoin Illustration On United States Dollar USD Banknotes
Photographer: NurPhoto/NurPhoto
Updated on

One minute Bitcoin’s price is up. The next it’s down. First Elon Musk loves it. Then he isn’t so sure. Some countries are embracing Bitcoin as legal tender. Others have some serious questions.

Bitcoin has been on a wild ride over the past few years. Five years ago, a single Bitcoin was worth around $1,000. In 2021, that value skyrocketed to almost $70,000. It has fluctuated a lot since then, but few other assets have seen such appreciation — and gyration — as the world’s largest cryptocurrency.