While I remain bullish on precious metals and believe that prices are headed much higher, it has been my cryptocurrency investments that have generated the most excitement (and profits) lately.
Precious metals and cryptocurrencies are complementary assets that share many philosophical/political similarities, so I think investors should consider owning both. Let’s put the ‘gold vs. bitcoin’ arguments to rest. I have gold, silver bitcoin and a few of the more promising cryptocurrencies in my portfolio and the returns have been outstanding.
What type of profit potential exists in Bitcoin and other cryptocurrencies?
Here is a visual representation of what Bitcoin could buy you over the past few years and what it might be able to buy you in the year 2020. The Lamborghini was not placed there for shock value or a joke. The price of Bitcoin was around $5 in 2012 and is $1,200 today. It has gone up 240X in four years, so if it were to go up another 240X over the next four years, you certainly could purchase a Lamborghini Huracan or just about any other car on the market with your initial $1,000 investment.
This post was published at GoldStockBull on April 14th, 2017.
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