If you bought $100 of “$BITCOIN$” seven years ago, you’d have over $140 million today.

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If you bought $100 of “$BITCOIN$” seven years ago, you’d have over $140 million today.





The bitcoin rally keeps breaking record highs. Seven years ago one bitcoin was worth about 0.003 cents, As of Oct 4, 2017, its worth about $4,200

So what makes the cryptocurrency so attractive?

ü  Decentralization - Bitcoin isn't aligned with any one country, Limited anonymity means tracing transaction is harder to do

ü  Investment Opportunity - People are buying bitcoin as a hedge against recent political chaos because it's a decentralized currency, it has become a safe haven asset

ü  Japanese Backing - Japan has become a big supporter of bitcoin technology, the government votes to allow retailers to accept bitcoin as a legal currency. The Yen now accounts for over 40% of all bitcoin trade

Looking to get in on the trade

Here are 3 ways to buy bitcoin as a legal currency:

1. Coinbase - Real easy user interface, you go there, they're one of the largest bitcoin exchanges based in the US. You can buy bitcoin there.

2. Bitcoin investment trust - If you want to buy it in your IRA or your brokerage account, GBTC is a symbol. The caveat here, it trades at a bit of a premium. Grayscale Investments - great Company does that

3. Digital Asset Fund - Buys bitcoin and a bunch of the other digital currencies.


Certainly, I am biased against Bitcoin but for me, this is a big bet that this is an emerging technology that's going to be quite disruptive.

Courtesy-CNBC

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