Purchasing cryptocurrencies involves some risks. Investors have shied away from these digital assets due to their volatility, lack of regulation, and several successful hacking instances.

For instance, according to a research from Chainalysis, cross-chain bridge attacks have cost US$2 billion in losses this year, or 69% of all cryptocurrency stolen.

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Define cross-chain bridges now. These blockchain bridges essentially make it possible to transfer cryptocurrency between blockchain networks. Blockchain networks are like silos in that they don't interact with one another.

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These bridges are targeted by hackers because they serve as a central location for storing cryptocurrency.

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Several bitcoin exchanges have been hacked in the last ten years. Such cyber-attacks have, however, decreased as a result of improved security measures.

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In addition to security concerns, the macroeconomic environment is still very difficult, causing the ongoing sell-off to accelerate

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Bitcoin still has the first-mover benefit

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A great long-term investment is Ethereum With a $228 billion market cap, Ethereum is the second-largest cryptocurrency in the world.

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