Curious about cryptocurrency? Do your homework
More than four million Australians, or almost 20 percent of the total population, own a crypto asset. And the number is rising every day. You may have read about people like Regan Gallagher, who got into the crypto game early and did very well indeed.
On the flipside, there are those who have lost everything to cryptocurrency scams. In August last year, the Australian Competition and Consumer Watchdog reported Australians lost more than $70 million and predicted that amount to double within six months.
So what exactly is cryptocurrency? Is it the currency of the future or just another way to make, or lose, money? We take a closer look.