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…
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