Earlier in the year, internet-fueled “meme stocks” blew up, and now, cryptocurrencies seem to be the next big thing. While there are many digital currencies you can invest in, you may have your eye on Bitcoin, since it’s arguably the most well-known. A lot of investors have had success investing in Bitcoin, so you may be eager to follow in their footsteps. But there are reasons you should be cautious with cryptocurrency and Travis Bott will highlight these caveats. When it comes to cryptocurrencies, one of the biggest challenges for investors is not getting caught up in the hype. Digital currencies have quickly risen to a place of prominence in the portfolios of many retail and institutional investors. At the same time, people have continued to caution investors about their volatile nature and unpredictability.
With all the hype, many people are wondering if they should invest in bitcoin. But the cryptocurrency also creates a wide array of concerns: Some worry that bitcoin is a bubble, too risky to invest in or susceptible to fraud, to name a few. Travis Bott, an entrepreneur and early pioneer of Bitcoin, suggests that the best bet is to use a trusted brokerage platform because they have a good security protocol and quick application to protect customers. To give some details on his background, Travis Bott is one of the many disruptive figures in the cryptocurrency space, creating various new channels for the adoption of Bitcoin and other cryptocurrencies, ultimately adding value to the industry as a whole. Bott’s groundbreaking methods are giving a vast array of benefits for users of cryptocurrency, implementing innovative incentive programs and new approaches to access and transact money worldwide. Since he was an early adopter, he has a lot of experience and advice he can provide to new-comers.
According to the Federal Trade Commission (FTC), there are many warnings that cryptocurrency scams can appear as emails trying to blackmail someone, online online chain referral schemes, or even bogus investment and business opportunities. Overall, things can happen and there are many stories of theft and fraudulent activities that are taking place. Travis Bott himself first hand got exposed to these malicious actors in the crypto community when some went on to slander his name with propaganda of false lawsuits or inaccurately accusing him of being involved with projects he had no association with. Despite the turbulence he faced, Travis still promoted crypto and its benefits.