An investment in Bitcoin, as outlined in the first article in this series, could potentially result in an enormous payoff, which is perhaps why it has attracted such fervent supporters. But as discussed in the second installment, the currency has many paths to failure. If you are willing to take a gamble, you must decide how to invest.

Because Bitcoin is a technology as well as money, you can own it in a way where you manage the tech yourself or you can have someone else handle it for you. You can also own other investment vehicles that give you exposure to Bitcoin but shield you from the currency’s volatility and that allow you to benefit from tax-advantaged accounts such as IRAs and 401(k)s.