Lately, we have seen this all over the news and I just had to jump in and not ignore this news about Bitcoin. If you are not aware about Bitcoin but as of December 15th of last year (2016) the price for one was $775.48, now on December 13th of 2017 it is $16.407.20, almost 20x in a year. Yes, I wrote that correctly, so if you bought it last year one of you could of had over $16,000 right now. Crazy? Yes. So, should you invest in Bitcoin?
By jumping in I mean that I actually went and bought some and you can call it a bad decision. Now, I am not an investor (yet) not even an expert at markets but know few things here and there. You might say I’m unqualified about writing about this but I think completely opposite.
There were many people that become millionaires in this past year and even billionaires like the Winklevoss twins, this guys had become billionaires now and according to them the Bitcoin will go another 20x. According to them cryptocurrency and the Bitcoin is just the beginning phase of future investing.
There were a few quotes from notable people like Warren Buffet and Jack Bogle on Should you invest in Bitcoin?
Warren Buffet said: “Stay away from it. It’s a mirage, basically…The idea that it has some huge intrinsic value is a joke in my view.”
Jack Bogle said: “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing.”
Ok, let me elaborate their statements for you I mean this guys are a key investors and are most well known and nobody had even close bet against them.
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