New to Bitcoin? Read This First

Interest in cryptocurrencies has surged recently as prices have risen, but what are the risks and costs of buying Bitcoin?

James Gard 15 February, 2021 | 10:46AM

Bitcoin

Bitcoin has reached a new record high after Tesla (TSLA) revealed it had bought $1.5 billion of the cryptocurrency. But while investor interest is surging again, regulatory warnings are getting louder.

Countries around the world are scrambling to develop a policy response to Bitcoin mania. Nigeria has banned crypto trading outright, while in the UK the Financial Conduct Authority’s ban on cryptocurrency derivatives came into force last month.

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About Author

James Gard  is content editor for Morningstar.co.uk

 

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