Bitcoin: too good to miss or a bubble ready to burst?
2 May, 2021 11:30 PM
13 minutes to read
If retail investors buy, they need to accept that cryptocurrencies come with big risks. Photo / Getty Images
If retail investors buy, they need to accept that cryptocurrencies come with big risks. Photo / Getty Images
Financial Times
By: Eva Szalay
The problem with investing in bitcoin is that it instinctively feels too good to be true. The largest cryptocurrency by volume is worth 600 per cent more today than a year ago, soaring from about $7,000 per bitcoin to $54,000 this week, along the way becoming one of the best performing financial assets of 2020. Despite including some extreme price swings, the year-long rally has so far defied fears of a repeat of bitcoin s spectacular price crash of 2018.
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