How to buy Ethereum
Investors such as Novogratz could make the difference. Unlike many crypto investors, he has a solid financial background, having worked for a decade at Goldman Sachs before the swaggering years of Fortress. He first invested in bitcoin in 2012, ploughing in $7m when it was trading at $95. With global financial markets then in turmoil, especially in Europe, he saw bitcoin as an alternative currency and “a really interesting speculative bet”, he says. Three years later, he bought 500,000 ethereum for $0.99 each from the coin’s co-creator, Vitalik Buterin. New cryptocurrency release today Generally speaking, altcoins are more risky investments than Bitcoin. Bitcoin has much more mainstream adoption than any other cryptocurrency. It also has the largest market capitalization of any cryptocurrency on the market. If you don’t think that the altcoin you're buying will outperform Bitcoin over your investment horizon, then you may be better off simply buying Bitcoin.
Forbes Advisor has provided this content for educational reasons only and not to help you decide whether or not to invest in cryptocurrency. Should you decide to invest in cryptocurrency or in any other investment, you should always obtain appropriate financial advice and only invest what you can afford to lose. 3. Tether (USDT) What is a Central Bank Digital Currency (CBDC)? A CBDC is virtual money backed and issued by a central bank. As cryptocurrencies and stablecoins have become more popular, the world’s central banks have realized that they need to provide an alternative—or let the future of money pass them by.