A 29-year-old high school drop out from the United Kingdom is hauling in hundreds of thousands of dollars trading risky cryptocurrency derivatives. Jay Smith believes a cryptocurrency crash is inevitable, but right now he’s the No. 1 trader of digital coins on online brokerage eToro, amassing thousands of followers who are copying his trades, according to Bloomberg’s Edward Robinson. Smith, who lives in a London suburb, makes speculative bets on the prices of cryptocurrencies like bitcoin…"A high-school dropout is making hundreds of thousands of dollars trading cryptocurrency derivatives"
The legendary investor Bill Miller is apparently bullish when it comes to cryptocurrencies. Miller told Forbes he invested 1% of his net worth into bitcoin in 2014, determining that the potential gains from a cryptocurrency boom outweighed the risk of a complete loss. Forbes reporter Antoine Gara writes that the investment has grown tenfold and that bitcoin is one of the top holdings of Miller’s hedge fund. In 2014, bitcoin traded between $ 183 and…"An investing legend is making a killing after putting 1% of his net worth in bitcoin"
The old saying goes that one man’s loss is another man’s gain. That has proved true in the bitcoin market. Over time, the US government has seized hundreds of thousands of bitcoins from people who used the cryptocurrency in the process of breaking the law. Perhaps the most high-profile example came in October 2013, when the FBI raided the online marketplace Silk Road, a hub for transactions involving illegal drugs and criminal activities. But those…"People are making a fortune buying government-seized bitcoins"
Bitcoin is making a gigantic comeback. The cryptocurrency had plunged by more than 16% shortly after US markets closed Friday, putting in a low of $ 978, following the US Securities and Exchange Commission’s ruling to reject the Winklevoss twins’ exchange-traded fund. But now it’s back to $ 1,231, up 26% from its lows and about $ 60 below its preannouncement levels. Bitcoin hit an all-time high of $ 1,327 on Friday morning. “Based on…"Bitcoin is making a gigantic comeback"