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Please enable Cookies and reload the page. "High volatility in a medium of exchange corresponds to high volatility in the macroeconomy. Users who hold bitcoin will now see wild swings in their savings," Viswanath-Natraj said. Bitcoin has rallied close to the record high it hit earlier this year, fuelled in part by expectations that bitcoin ETFs will pull new money into the digital asset market. The most actively traded cryptocurrency rose above $64,000 on Tuesday, having more than doubled from a low point during a summer sell-off. While the value of a single bitcoin may be in the tens of thousands of dollars, you don’t need nearly that much money to invest in Bitcoin. At Coinbase, for example, you can buy as little as $2 of Bitcoin at a time. If you’d like to test out investing in Bitcoin with a small amount, perhaps $10 or $20, that’s certainly an option. You don’t need to be wealthy or have a lot of money to invest in Bitcoin.

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