Via CaseyResearch.com,
Bitcoin is up 495% this year. Ethereum, another major cryptocurrency, is up 3,507% since the start of the year. Smaller cryptos have soared more than 10,000%.
When you see gains like that, it’s natural to think that you missed out. I even felt this way for the longest time…that is, until I talked to Doug Casey.
Authored by James Rickards via Daily Reckoning blog,
Interest in Bitcoin is red hot at the moment. It’s impossible to open a website, listen to a podcast, or watch a video in the financial space without hearing about the meteoric rise in the price of Bitcoin.
Maybe you know a “Bitcoin millionaire” who bought five hundred Bitcoins a few years back for $50,000 and is now sitting on a Bitcoin fortune worth over $2,000,000. It’s true, those people actually do exist.
European and Asian shares, the dollar and crude all rose before President-elect Donald Trump’s first press conference since July at 11am on Wednesday, while S&P futures are little changed. Surging raw-materials stocks sent Asian stocks higher. Oil rebounds from the lowest level in a month.