Halachic Ruling on Bitcoin and Cryptocurrency Investing
Question
What is the halachic view on investing in cryptocurrency (for example, Bitcoin and Ethereum)? Since cryptocurrency is very speculative and can involve large gains and losses, is it considered a permitted form of investment in Jewish law, or is it viewed as gambling or forbidden excessive risk-taking?
Answer
Thank you for your question.
Investing in crypto such as Bitcoin and Ethereum is not considered gambling and is permitted according to Halacha.
Wishing you well.
Answered by
Head of the English department at sheilot.com, Rav Amram Fried's Beit Horaah
Graduate of Yeshivas Ponovezh and Kollel Ponovezh, tested by Mifal Halacha, Rav Amram Fried's Beit Horaah (2022–2026)
Basar Vecholv, Ta'aroves, Ribis, Laws of Shabbos, Yom Tov, Chol Hamoed, Niddah, Tzitzis and Tefillin, Eiruvin, Succah
About the Rabbi
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