The pros and cons of investing in crypto

A passing fad or an enduring investment opportunity?

Illustration representing cryptocurrency investments, with a red hand giving a thumbs down opposite a green hand giving a thumbs up, and bitcoins floating in the background
(Image credit: Illustration by Marian Femenias Moratinos / Getty Images)

From bitcoin and ethereum to tether and dogecoin, there are a wide variety of cryptocurrencies to choose from. For many who have opted in, crypto has yielded impressive returns. However, for others, it has led to devastating losses, not to mention encounters with scams and fraud in the industry.

So is this buzzy digital currency worth adding to your investment portfolio, or is it better to steer clear? We lay out the pros and the cons to help you decide.

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Becca Stanek, The Week US

Becca Stanek has worked as an editor and writer in the personal finance space since 2017. She previously served as a deputy editor and later a managing editor overseeing investing and savings content at LendingTree and as an editor at the financial startup SmartAsset, where she focused on retirement- and financial-adviser-related content. Before that, Becca was a staff writer at The Week, primarily contributing to Speed Reads.