The recent Bitcoin rally has brought about a stir in the market. Due to its good returns retail investors are investing in this new asset class now more than ever.
About a couple of years ago, buying/selling Bitcoin may have sounded like a tedious job, fit only for techies. Today the scenario has completely changed. Many emerging startups such as CoinSwitch Kuber in the crypto scare and venture capitalists are looking to fund such startups, trying to make Bitcoin investing effortless more than ever.
What is Bitcoin? Bitcoin is the first and most popular cryptocurrency or digital currency in the world. It can be used as both mode of exchange (money) and a store of value (invesetment vehicle). Bitcoin is a decentralized digital currency that cannot be controlled or altered by any individual or organisation because no single entity owns the network. Read more…..
Chart of the Day
Brian Kelly on Tesla buying bitcoin and the boost to sentiment. How many other firms will follow? With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.