Invest in Bitcoin? I’m a Bitcoin Loser and I Won’t Be Going Near It Again

Can you profit from Bitcoin after a stellar 2023? One Kiplinger staffer won’t be trying his luck.

A deflated Bitcoin symbol.
(Image credit: Getty Images)

Should you invest in Bitcoin is a common question posed by many who have witnessed the cryptocurrency’s rollercoaster ride over recent years. 

Each Bitcoin is now worth about $30,000 after a year of gains for the cryptocurrency, but the last five years have seen it swing from $3,000 to $65,000, which shows the seesaw it’s been on. That has led not just to a surge in Bitcoin investing but also in Bitcoin mining

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Guy Anker
MD, Wealth

Guy has extensive experience in personal finance journalism having joined Future (Kiplinger's parent company) after 13 years at, most recently as deputy editor, and working closely alongside Martin Lewis. He has also worked at the Daily Mail as a personal finance reporter and his work has appeared in The Sun, Guardian, Observer, Mirror and other national newspapers. As a money and consumer expert, Guy is a regular guest on TV and radio – appearing on BBC News, BBC Radio 4, Sky News, ITV News and more.