Business
3 reasons Bitcoin could double your money (and more)
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
At Tuesday’s prices, Bitcoin (CRYPTO: BTC) is up more than 700% in the past year, and 13,500% in the past five years. Those are life-changing returns — and some analysts still see big gains on the horizon.
For instance, investment bank JPMorgan Chase said Bitcoin’s price could hit $146,000, a massive increase from today’s prices around $58,000. More recently, Ark Invest CEO Cathie Wood explained how its price could climb to over $400,000. In other words, there’s still time for investors to cash in on cryptocurrency.
Here are three reasons Bitcoin could double your money (and more).
1. Bitcoin is powered by…
-
General22 hours agoPolitical commentator Hannah Ferguson concerned by influencers who accept payment from politicians
-
Noosa News23 hours ago‘You are, at the end of the day, a con man’: Facebook fraudster jailed
-
Business24 hours agoThe Nasdaq 100 Index just entered a bull market. Which ASX ETFs benefited the most?
-
Noosa News20 hours agoWoman charged after allegedly breaching domestic violence order and stabbing man multiple times in Brisbane home