Bitcoin's executive director Jon Matonis has said people should only invest in the virtual currency only if they can afford to lose.
The comments from Matnois come after the meltdown of Mt Gox, one of the biggest Bitcoin exchanges, was taken offline.
According to CNN, the move had put millions of dollars of investors' money at risk and shaking confidence in the digital currency.
Matonis said Bitcoin were still considered experimental, despite very success.
He added that people should only invest in trade what they can afford to lose.
On Friday, Mt. Gox filed for bankruptcy protection at a Tokyo court on Friday with debts of 6.5 billion yen.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
