Bitcoin has been flying high lately, making many investors overnight millionaires—investors who poured money into the digital currency when it was trading at a tiny fraction of its current price. And it will make more millionaires, as it could reach for new highs before coming back down to earth.
|SPDR Gold Shares (GLD)||12%|
|Bitcoin Investment Trust Shares (GBTC)||800%|
Source: Finance.yahoo.com 6/6/2017
There are a few good reasons for Bitcoin to do so. First of all there’s the ultra-low interest rate environment, which makes the Bitcoin “carry trade,” an appealing proposition.