If You Want to Invest in Crypto Without Investing in Crypto, Consider These Lower-Risk Options

Bitcoin cryptocurrency symbol on yellow balloon.
Velishchuk / Getty Images/iStockphoto

Investors interested in cryptocurrency are probably aware of the huge swings in price for Bitcoin and its peers in recent weeks. Bitcoin’s price tumbled to around $31,000 over the weekend, The New York Times reported, which represented a drop of more than half from last month’s high. But on Monday the price rebounded to above $37,000.

See: Cryptocurrency Jargon — A Guide for the Crypto-Curious
Find: Cryptos’ Market Value Almost on Par with Gold’s, Analysts Say

Considering its volatility, cryptocurrency is not for the faint of heart. It not only tends to make wild swings in price, but it’s also expensive, it can’t be bought through traditional brokerage accounts and doesn’t have backing from financial institutions, CNBC reported.

So what’s the best way for investors to get a piece of cryptocurrency without actually buying the coins? One alternative is to invest in companies that either have crypto-related services or hold the coins themselves

Building Wealth

If you want exposure to cryptocurrency without the direct risk, here are some options:

See: Robinhood Gives Retail Investors Access to IPOs, Ahead of Public Debut
Find: 10 Cheap Cryptocurrencies to Check Out

More From GOBankingRates

About the Author

Vance Cariaga is a London-based writer, editor and journalist who previously held staff positions at Investor’s Business Daily, The Charlotte Business Journal and The Charlotte Observer. His work also appeared in Charlotte MagazineStreet & Smith’s Sports Business Journal and Business North Carolina magazine. He holds a B.A. in English from Appalachian State University and studied journalism at the University of South Carolina. His reporting earned awards from the North Carolina Press Association, the Green Eyeshade Awards and AlterNet. A native of North Carolina who also writes fiction, Vance’s short story, “Saint Christopher,” placed second in the 2019 Writer’s Digest Short Short Story Competition. Two of his short stories appear in With One Eye on the Cows, an anthology published by Ad Hoc Fiction in 2019. His debut novel, Voodoo Hideaway, will be published in 2021 by Atmosphere Press.

If You Want to Invest in Crypto Without Investing in Crypto, Consider These Lower-Risk Options
Close popup Live Richer Newsletter

We're here to help you Live Richer.

Sign up to receive our daily weekday newsletter with the latest finance and lifestyle content.

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.