This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
https://www.wsj.com/articles/can-you-get-rich-with-bitcoin-sure-but-slowly-11612980337
Listen to article
(4 minutes)
Chances are in the past few weeks someone has given you a stock tip—maybe to buy bitcoin or invest in GameStop. In part because of Covid-induced boredom, the country is witnessing an unprecedented interest in financial speculation. This craze is fueled by business celebrities like
Elon Musk, who announced Monday that his company Tesla had purchased $1.5 billion of bitcoin. Last Thursday Mr. Musk tweeted in support of the cryptocurrency dogecoin, which was created as a joke in 2013.
What is the average investor to make of all this? When stocks shift by hundreds of percentage points in a day, there’s only so much the government can do to protect you. Instead, investors should look past the tweets and Reddit posts and get back to fundamentals.
Continue reading your article with
a WSJ membership
Already a member?
Sign In
WSJ Membership
Customer Service
Tools & Features
Ads
More
Dow Jones Products
WSJ Membership
Customer Service
Tools & Features
Ads
More
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.