Should You Invest in Bitcoin (or Any Other Cryptocurrency)?

Bitcoin is all the rage right now, but is it a good investment for you?
VIP Contributor
2 min read
Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Phil Town breaks down one of the most fascinating and popular trends in the financial world right now: cryptocurrency. He starts by defining a cryptocurrency, which is "a digital, encrypted currency designed for the purchase of goods and services online," and by talking about the explosive growth of Bitcoin over the past few years. 

Then, Town explains how exactly you can trade cryptocurrency -- it's not so different from exchanging foreign currency -- before getting to the question you really want to know: Should you invest in a cryptocurrency?

Click play to learn his answer.

Related: 5 Signs a Business Is Being Poorly Managed

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Amazon FireRokuApple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur