Yes, there are several risks associated with investing in cryptocurrency. These risks include: volatility, hacking, loss of access, lack of regulation, and fraud. The cryptocurrency markets are highly volatile, which can lead to sudden fluctuations in value. Additionally, digital wallets and exchanges are vulnerable to hacking, which could result in the loss of coins or personal information. Furthermore, loss of access to a wallet or exchange can lead to permanent loss of funds. Cryptocurrency markets are largely unregulated and investors may be susceptible to fraud. Finally, there is no guarantee that any cryptocurrency will retain its value.