While bitcoin is down several hundred dollars since hitting its all-time high of $4,483.55 earlier today, the cryptocurrency is still on an absolute tear this year.
Bitcoin's ascent viewed over a longer time horizon is impressive. On a year-over-year basis, its value has risen about 600 percent. In the last 100 days, it's seen 150 percent gains. Six months ago, bitcoin was trading just above the $1,000 mark – so even with the recent drop, its price has more than quadrupled in the last six months.
Gains at those levels sound massive – but just how big are they? Compared to investments in other asset classes, how well is bitcoin faring? And, as this afternoon's price declines allude to, are the downside risks understood?
One way to try to flesh out answers is to compare stock market returns with the returns on bitcoin.
Full story at http://bit.ly/2i91NoL
Source: CoinDesk
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