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Although it is just one individual or one fund buying us$1 billion worth of the cryptocurrency, it is a lot of money in the small cryptocurrency space.
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Make no mistake, cryptocurrency is a market and it behaves like any other market. So, if the cryptocurrency is not used for any of these purposes, it is quite halal. When the price drops, that is a perfect opportunity to buy more, not sell. Buying cryptocurrencies at present is as easy as ever. Bitcoin halal or bitcoin haram?
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I am no economist nor financial advisor, but i do is cryptocurrency halal to invest?
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