Bitcoin is not a traditional asset neither are its key values measured in traditional terms. It is a highly speculative investment and it is extremely volatile. For instance, bitcoin rose 20% in the first weekend of this year, but then fell 20% the following Sunday.

The most important thing you should consider before deciding whether bitcoin is a good investment for you or not is determining what your financial targets are. The price is basically determined by what someone else is ready to pay for it. It has no intrinsic worth at all. Nonetheless, bitcoin is a highly trusted currency all thanks to its dependence on blockchain technology which nullifies hacking and counterfeits.