Is Investing in Bitcoin and Other Cryptocurrencies Really Just Gambling?

Some politicians have claimed the sector’s risks make it more akin to a bet.

A cartoon illustration depicting people investing in cryptocurrency and shopping in the metaverse.
(Image credit: Getty Images)

If you buy cryptocurrency, are you just taking a punt on it performing well, or is it a genuine investment like buying shares and commodities? 

Many people have asked that question as Bitcoin, Ethereum and other cryptocurrencies have boomed in popularity over the past few years, which has brought riches to some but financial catastrophe to others. 

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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.