Ask Stacy: Should I Buy Bitcoin?

Bitcoin has risen from around $700 to nearly $20,000 this year. Too late to get in or time to climb onboard? Here's what I think.

Welcome to “Ask Stacy,” a new video feature on Money Talks News. Most week days, I’m going to answer a money question sent in by a reader or viewer. (Learn how to send in a question of your own below.)

Our inaugural question is about bitcoin.

Bitcoin, a digital medium of exchange, is one of the more popular in a category of investment known as cryptocurrencies; you can read more about them in “Bitcoin for Dummies.”

Bitcoin has been making headlines in recent weeks because its price rise has been meteoric. It’s rocketed from around $700 in January to as high as $20,000 in less than a year.

Too late to get in or time to jump on the bandwagon? Here’s what I think.

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The questions I’m likeliest to answer are those that will interest other readers. In other words, don’t ask for super-specific advice that applies only to you. And if I don’t get to your question, promise not to hate me. I do my best, but I get a lot more questions than I have time to answer.

About me

I founded Money Talks News in 1991. I’m a CPA, and have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

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