Our fast pace, quick changing world has birthed something new yet again. Bitcoin’s stock and ‘cryptocurrency’ is now available in this digital age. Now the question is: to buy or not to buy?
The current concept of currency is something that can be backed by a bank or other financial institution. However, with cryptocurrency, there is more risk and less security in using the digitally decentralized currency. According to The Oxford Club’s Chief Income Strategist, Marc Lichtenfeld, it is a very high-risk investment at this time. In other words, only those who do not want for income should consider this risky endeavor. On the other hand, for those that are willing to take a chance, Bitcoin’s price has already increased from $900 to $16,000 this year, and The Oxford Club’s co-founder Adam Sharp believes it to increase to $100,000 by end of 2019 (Lichtenfeld).
The Oxford Club itself is an establishment designed to assist their members grow and to help them protect their wealth. The organization is international, and in fact is spread across 131 countries. Their goal is to share their investment focused philosophies and to uphold success through all kinds of market conditions.
By conducting research and implementing hundreds of marketing opportunities, The Oxford Club is able to fine-tune their strategies for their growing number of members. From the beginning, the concept behind The Oxford Club was to establish a financial club of private investors that will share in the unique opportunities that could only be shared through personal connections.
With such experienced investors cautioning against the risks, it would be ill-advised to purchase bitcoin in anything but the smallest (and most cautious) amount.