Ask Stacy: Should I Buy Bitcoin?

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.

Got any words of wisdom you can offer on this week’s question? Share your knowledge and experiences on our Facebook page. And if you find the information useful, please share it!

Got more money questions? Browse lots more Ask Stacy answers here.

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