Investing
New Bitcoin Investors Explain Why They’re Buying at Record Prices
Some are being inspired by rapper Megan Thee Stallion, others want to give it to their children, while a few are just hoping they’ll be millionaires.
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They’re seeing stories about newly minted Bitcoin millionaires. They’re being offered small amounts of free crypto. And they’re watching mainstream financial firms come around to the idea of investing in digital currencies.
Now, rookie investors say they’re buying the cryptocurrency to get in on the action and not feel left behind. As the digital currency dances near $40,000, those investors are getting more comfortable sinking at least a small portion of their extra cash into something once seen as off limits and dangerous.