2. Cryptocurrency
Cryptocurrencies are one of the newer types of investment. They are unregulated digital currencies bought and sold on cryptocurrency websites.
Cryptocurrencies, such as Bitcoin or Dogecoin, have gained a lot of interest in recent years as an investment vehicle due to their quick and dramatic growth. However, they remain an incredibly risky investment because of the many unknown factors associated with them.
There is the possibility of government regulation and the possibility that cryptocurrency will never see widespread acceptance as a form of payment. Cryptocurrency currently has no intrinsic value and it could disappear as quickly as it came into existence.
How to Invest in Bitcoin
In the same way that you are able to exchange US Dollars for any other currency such as Yens or Euros, you can also exchange your US Dollars for cryptocurrencies.
Though cryptocurrencies aren’t technically part of the Forex market, the mechanics of investing in cryptocurrencies is very similar. The hope of many cryptocurrency investors is that the value of those cryptocurrencies goes up against the dollar, and they are relatively simple to buy online.