By Jill Carlson
People think I got into bitcoin because I have a high risk tolerance.
Actually I got in because I have a low risk tolerance for worst case scenarios.
Bitcoin is often touted as a risky bet. It is nascent. It has only been around for about a decade. It is poorly understood by mass markets. It is an experiment. It could still fail. All of these claims are true. In many ways, the risk profile of bitcoin resembles that of an early stage startup. Bitcoin appears to be hovering between the trough of disillusionment and the slope of enlightenment. This means that most people continue to view cryptocurrency as kind of crazy. It’s a gamble.