Bitcoin and Ethereum are cryptocurrencies that have taken the world by storm. They are digital or virtual currencies that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
Bitcoin and Ethereum have seen extraordinary price increases in recent months, as investors have sought to capitalize on the phenomenal growth of these digital currencies. As of December 2017, a single Bitcoin was worth over $17,000, and a single Ethereum was worth over $750. These prices are up from just a few dollars a year ago.
Bitcoin and Ethereum offer the potential for significant profits, but they also pose significant risks. Their prices are extremely volatile, and they can drop precipitously in value. Investors should carefully consider the risks and potential rewards of investing in Bitcoin and Ethereum before deciding whether to do so.
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