Yes, Bitcoin and other cryptocurrency are hot topics. Cryptocurrency is also new, largely unregulated, difficult for the average person to trade and even banned or restricted in some countries. Therefore, it’s a speculative investment—there is a good chance that you will lose every penny you invest—which means you should not be raiding your emergency fund, taking out a second mortgage or 401(k) loan, borrowing against your credit card, or going to other extremes to pour money into cryptocurrency. And if you have no other investment assets, are carrying high-interest debt, have no emergency savings and/or have not fully funded your retirement, you have no business putting all of your money into cryptocurrency—no matter how hot it is.
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