Can crypto make you rich?

While trading crypto, you can buy or sell, depending on whether you expect the asset’s price to rise or fall. This means you can make a profit whether the price goes up or down .

Consumers risk losing all their money invested in crypto assets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs said in a joint statement on Thursday.

Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency . A safer but potentially less lucrative alternative is buying the stocks of companies with exposure to cryptocurrency.