Is it worth investing in cryptocurrency?

Abstract

Bitcoin price was exceed 60 thousand USD per one Bitcoin in March 2021. This fact manifested a general trend of rising cryptocurrency values during COVID-19 pandemic. Hence the related question, is it worth investing in cryptocurrency? The answer to this question depends on many factors, one of the decisive ones is the high volatility of cryptocurrency. Current work considers volatility and profitability of cryptocurrency, and discusses how to determine volatility and profitability of cryptocurrencies and its importance in investing. In addition, the profitability/losses of cryptocurrency transactions are analysed. If cryptocurrency will be stable in the future, then it is easily accepted through worldwide and in the long run, people would have more trust to the cryptocurrency and its usability.