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Monday, May 22, 2017

As bitcoin rockets to records, here’s how much skeptics missed out on, says one money manager

As bitcoin rockets to records, here’s how much skeptics missed out on, says one money manager

Investors who made bullish bets in bitcoin near its nascence may be getting the last laugh, as the digital currency, which has drawn skeptics, has raced to repeated records in recent trade.

The value of one bitcoin BTCUSD, +9.26%  shot to nearly 2,200 for the first time on Monday. Trading at 2,195,81:

The unmitigated ascent for bitcoin comes as virtual currencies broadly have been gaining more prominence, putting them on a tear since last year, with cryptocurrency bulls pointing out stratospheric climb for bitcoin, compared with other traditional investments.

Full story at http://on.mktw.net/2rJBCWx

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