Playing The Listed Bitcoin Game
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The New Criterion s Tim Boreham throws light on ways to get a slice of the Bitcoin pie via the ASX
How to play the listed Bitcoin game
By Tim Boreham, Editor, The New Criterion
With Bitcoins – by far the dominant ‘crypto’ – now worth a collective $US1 trillion, massive punts are being made by the likes of Blackrock, the world’s biggest funds manager.
Having fetched $US380 apiece five years ago, Bitcoins last week hit the $US57,000 level before retreating below $US50,000. But the normally sober investment bankers at JP Morgan and Citi reckon that’s just the start, with price targets of $US146,000 and $US150,000 respectively.