Written by Jasir Jawaid
Let's get one thing out of the way: Cryptocurrencies have established themselves as a major asset class since Bitcoin's nascent days in 2009. Institutional investors and major university endowments are starting to make significant crypto-related investments, and according to one estimate, Bitcoin's growth will outstrip that of Microsoft, Amazon, and Toyota by 2024. Tesla, the electric car maker run by Elon Musk, sells products that can be bought using dogecoin, a meme stock started initially as a joke.
We've all heard stories of people minting millions of dollars by investing early and then cashing out during a bull run. But not everyone scores a win. Many people lose money because they do not properly understand how to make money with cryptocurrency.
Crypto assets are inherently volatile, and most involve a high degree of risk. That said, if you play your cards right, you can make money with cryptocurrencies in a variety of ways. You can earn passive income with cryptocurrencies or take a more hands-on approach.
This article appeared on JoyWallet and can be read here in full.
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