Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?
He just needs to invest in Bitcoin and buy two whole Bitcoins and hold on to them. Then wait until the price rises if he can make a profit then sell them and start over again if he wants to.
He can only buy one Bitcoin at the moment and to be real I do not think buying one Bitcoin is going to do much unless the price is going to rise again this year.
If that happens then he still might be able to make some money this year if not he will wait a long time.