Bitcoin Watch – Keep an eye on the cryptocurrency taking the world by storm

At the beginning of 2017, the highly volatile Bitcoin was valued at just below USD1,000, however recently it has skyrocketed well into the teens at a high of over USD19,000.

Latest Bitcoin news:

Even after hitting its lowest price for months, Fundstrat Global Advisors co-founder Tom Lee believes bitcoin will likely outperform equities in 2018. In an interview with CNBC Mr Lee, said: “Even on a risk-adjusted basis, I think bitcoin is going to easily outperform the S&P. On a long-term basis, [the easiest way to look at bitcoin is] as a replacement or a store of value,” he said. “So as millennials discover and generate income, they’re going to use considering it as a replacement for gold.”

Stay updated here with how the cryptocurrency is tracking: