bitcoin: The hunt for next Bitcoin: why investors should stay away

Concept by Sidhartha Shukla and Muhabit ul haq

Synopsis

Over the last few years, the crypto-asset space has grown and today more than 13,000 Altcoins collectively command a market cap of USD1.4 trillion. It’s hard to navigate such a crowded space. What muddies the waters further for the crypto market is the presence of namesakes of popular tokens.

Sahil Mehta (name changed), a 29-year-old digital marketing professional, started his investment journey last year. From stocks to mutual funds to smallcase portfolios to gold, Mehta has been investing in several assets. Then, earlier this year, his focus shifted to a more exotic and new asset class — cryptocurrencies. Having seen his friends make substantial profits on their Bitcoin (BTC) investments, Mehta didn’t want to miss the bus and was

11 mins read, Last Updated:

Nov 1, 2021, 05:42 PM IST

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