Bitcoin price hits $100,000 – should you buy into the crypto boom?

Crossing the $100,000 threshold is a landmark moment for the Bitcoin price, but is this high-risk asset a fool’s gold?

CGI image of bitcoin cryptocurrency
(Image credit: Westend61 via Getty Images)

Bitcoin hit $100,000 for the first time on Thursday, with the cryptocurrency having benefitted from a “Trump bump” in the wake of the US election result. Investors have been following the Bitcoin price for some weeks in anticipation of this moment.

It is a milestone for the asset class, which has been propelled into mainstream conversation in recent years. But investors should remember that Bitcoin is a highly speculative and unregulated investment – meaning it isn’t suitable for all investors and should only ever form a small portion of a broadly-diversified portfolio.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.