Just when it seemed like cryptocurrencies were finding a bit of market stability, bitcoin goes and changes the game.
From its recent low of $4,970.70 in March — due to the coronavirus crash — to its price (as of Wednesday) above $11,000, its value has jumped more than 120%.
Bitcoin Crosses $11,000 Threshold
Some investors think bitcoin is a safe haven against market volatility equal to gold (we’ve talked about that before, here).
The big question for investors is: How high will bitcoin go?
In this episode of The Bull & The Bear, host Matthew Clark goes in-depth on bitcoin.
We know that cryptocurrencies like bitcoin are a bit of an enigma. But investors have real questions about whether it’s worth investing in or not.
We’ll examine bitcoin’s recent performance. We’ll take a hard look at the data surrounding the cryptocurrency to see just what it says.
What’s even better is we’ll give you insight on what to do with bitcoin — if you are thinking about buying or already have it in your portfolio.
Remember, bitcoin — along with other cryptocurrencies — can be risky investments.
That’s why we look at specific stocks, exchange-traded funds and cryptocurrencies and provide our analysis to help you make sound investment decisions.
The Bull & The Bear
Led by Money & Markets Chief Investment Strategist Adam O’Dell and a team of finance journalists, traders and experts, Money & Markets gives you the information you need to protect your nest egg, grow your wealth and safeguard your financial well-being.
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The post The Bull & The Bear: Bitcoin Crosses $11K — What to Do Now appeared first on Money & Markets.