How Does Bitcoin Make Money?
Holding Bitcoin is similar to holding gold as it doesn't generate any profits. Bitcoin is more of a long-term hedge against fiat currency debasement than a get-rich-quick scheme. To make money with Bitcoin, one can mine it, use it in DeFi or wait for its value to increase and then sell it.
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Disclaimer
Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money. Lark Davis (The Crypto Lark) is not providing you individually tailored investment advice. Nor is The Crypto Lark registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. The Crypto Lark is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
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