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Now invest in crypto like mutual funds, social tokens and celebrity NFTs

But don't get carried away by the hype surrounding these new assets, invest limited amount initially

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Even a basket of cryptos will be quite volatile. You should also beware of paying exorbitant amounts for NFTs

Bindisha Sarang Mumbai
The crypto currency space is witnessing the sort of mania seen in the stock markets in 1999-2000 and in 2007. New offerings are being announced at regular intervals. Last week, for instance, Bitcoin reached an all-time high as investors cheered the successful launch of the first US Bitcoin futures exchange-traded fund (ETF). Even in India, things are heating up, with Bollywood stars and sport celebrities taking the plunge into the crypto world. While Salman Khan has endorsed social tokens, Amitabh Bachchan and Rishabh Pant have thrown their weight behind non-fungible tokens (NFTs). Mutual fund-like offerings for cryptos have also been

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First Published: Oct 22 2021 | 4:55 PM IST

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