Bitcoin’s 9,000,000% Rise This Decade Leaves the Skeptics Aghast

Dec. 31, 2019, 5:00 AM

If in the throes of this bull market’s earliest stages of recovery someone told you to forgo stocks, forget commodities, renounce fixed-income assets and buy an unknown digital token, the first of its kind, and watch it grow beyond your wildest dreams, you’d call them crazy, right?

Emerging out of the ashes of the financial crisis, Bitcoin was created as a bypass to the banks and government agencies mired in Wall Street’s greatest calamity in decades. At first, it was slow to break through, muddied by a slew of scandals: fraud, thefts and scams that turned away many and brought ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.