Cryptos are digital currencies and systems that operate independently of banks, representing a blend of technology, money, and investment assets. 

What are the main opportunities and risks?

Opportunities

• Decentralization, high return potential, transparency, security, innovation, global accessibility

Risks

• High volatility, regulatory uncertainty, risk of loss, lack of intrinsic value, environmental impact (energy-intensive “mining” for certain coins)

What distinguishes Bitcoin from Altcoins and Stablecoins?

1. Bitcoin (BTC)

• The first and most well-known cryptocurrency (since 2009) with a limited supply
• Main goal: a digital, decentralized means of payment and store of value (“digital gold”)

2. Altcoins (Alternative Coins)

• Collective term for all cryptocurrencies other than Bitcoin, often designed for specific use cases. Examples include Ethereum (ETH), Cardano (ADA), Solana (SOL), and Ripple (XRP)
• Often more innovative but also riskier than Bitcoin

3. Stablecoins

• Cryptocurrencies pegged to a stable value (usually the US dollar)
• Examples: USDT (Tether), USDC, DAI
• Use cases: commonly used for trading on crypto exchanges or as a safe haven within the crypto market

In summary:

• Bitcoin = “digital gold,” independent and scarce
• Altcoins = all other cryptos, often with additional functions
• Stablecoins = value-stable cryptos, typically pegged to the dollar

What are the goals of investing in these cryptocurrencies?

1. Bitcoin (BTC)

• Often viewed as a store of value (“digital gold”)
• Limited supply = protection against inflation

2. Altcoins

• High potential for innovation (smart contracts, DeFi, NFTs, metaverse)
• Potential for higher returns, but also higher risks

3. Stablecoins

• No significant value appreciation, as they are pegged to the dollar or euro
• Useful for parking capital within the crypto market or for quick transfers

In summary:

• Bitcoin = relatively “safe haven” within the crypto sector
• Altcoins = riskier, but with greater growth potential
• Stablecoins = No appreciation in value, but stability and interest.

Important note: Invest only through reputable providers — and never more than you can afford to lose.

Are cryptocurrencies considered by major investors?

For a long time, cryptocurrencies were viewed as a niche investment for private investors. However, things have changed:

• Institutional investors (e.g. hedge funds, family offices, pension funds) are increasingly engaging with Bitcoin and other cryptocurrencies.
• ETFs/ETNs based on Bitcoin and Ethereum have made investing easier (for example, since 2024 in the U.S., the launch of a spot Bitcoin ETF).
• Many large investors still use cryptocurrencies only to a limited extent, mainly as a portfolio addition or speculative investment.

How does the market capitalization of cryptocurrencies compare to stocks and bonds?

Market capitalization comparison
(as of September 2025, approximate figures):

• All cryptocurrencies combined: about USD 3.4 trillion (around 50 % of that is Bitcoin)
• Global stock markets: over USD 127 trillion
• Global bond markets: over USD 137 trillion

Cryptocurrencies therefore account for around 3% of the global financial markets.

Kryptos machen also rund 3 % der globalen Finanzmärkte aus.

Conclusion: Cryptocurrencies should continue to be viewed solely as a supplementary asset, with a particular focus on Bitcoin and secure storage.