Coming Soon: A New Way to Lose Your Shirt Investing in Bitcoin and Ethereum
While few industries have rivaled the growth of marijuana stocks or cloud-computing companies over the past year, no investment has soared higher than cryptocurrencies. In particular, bitcoin has quadrupled in value over the trailing one-year period, while the smaller ethereum has seen its price rally by almost 2,400% just since the year began! At one point in June, ethereum was up more than 5,000% on a year-to-date basis.
Why have cryptocurrencies caught fire? The answer probably lies with a confluence of factors.
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Source: Fool.com
