price has hit the high of 4,477. On closer inspection, however, comparing Bitcoin to a currency is like comparing lightening to a lightening bug (apologies. Diversification is the key to success and risk management is the door. I love Amazon as a company. Image copyright Getty Images 50 Cent has discovered that he is a Bitcoin millionaire, thanks to some long-forgotten album sales.
Higher volatility in Bitcoin does not mean that it cannot be part of the investment portfolio. The hoard is worth 7-8m, although the currency's price volatility means that could change fast. It reminds me of the argument people made to justify the meteoric rise in real estate values ten years ago. ET on Friday, December 1, 2017. It has no intrinsic value. On December 7, 2017. It somehow gives the "investment" an air of sophistication. Describing Bitcoin as a currency seems like a natural place to begin. After all, they aren't making more land. The short answer is that you can't.