Bullboard - Stock Discussion Forum Galaxy Digital Holdings Ltd T.GLXY

Alternate Symbol(s): BRPHF

Galaxy Digital Holdings Ltd. is a digital asset and blockchain company. The Company provides institutions, startups, and qualified individuals access to the crypto economy. Its full suite of financial services is custom-made for a digitally native ecosystem, providing multiple business lines: trading, asset management, investment banking, mining, and ventures. Its trading business, Galaxy... see more

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Galaxy Digital Holdings Ltd > Cryptocurrency Hack: What Investors Need to Know

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Post by Pucci1989 on Aug 13, 2021 2:15pm

Cryptocurrency Hack: What Investors Need to Know

https://www.fool.ca/2021/08/13/cryptocurrency-hack-what-investors-need-to-know/

Bottom line

If you’re a long-term investor, then investing in cryptocurrency can still be a good choice. Governments are already looking into ways to digitize currency. These recent proposals prove the future will be filled with it. However, in the short term, it could be that every few years we continue to experience a hack that causes a major setback. But it will also force miners to improve code to allow fewer vulnerabilities.

For now, investing in a strong cryptocurrency exchange-traded fund like Galaxy Digital Holdings could be a great choice, offering an array of cryptocurrency rather than just one. I would just be patient when investing in cryptocurrency, because it could be a while until it’s as safe as the bills in your wallet.

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