Bitcoin Makes Massive Gains: Is It Time To Buy?

Bitcoin is kicking sand in the face of traditional investments.

Between July 1, 2013 and June 13, 2017, it gained 3,130 percent. To put that in perspective, it took Vanguard’s S&P 500 thirty years (from its 1976 inception) to make investors that much money.

Bitcoin, for now, isn’t slowing down.

Its price has risen more than 170 percent in just the past six months.

If you had invested in Bitcoin’s rival, Ethereum, you might be even giddier. During the six-month period ending June 13, 2017, it gained more than 3000 percent.

Image By Pixabay

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Andrew Hallam

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (Wiley 2011) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use.

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