Investing in cryptocurrencies through a Self-Managed Superannuation Fund (SMSF) in Australia can offer potential gains, but it also comes with a set of risks that investors should consider. SMSF investors must comply with the sole purpose test, have a documented investment strategy, and ensure that they have the necessary technology and security measures in place. Risks associated with investing in cryptocurrencies through an SMSF include volatility, regulation, cybersecurity, liquidity, and lack of understanding. As with any investment, investors should conduct thorough research and seek professional advice before making any investment decisions.