And 2016’s best-performing Asset is….Bitcoin?

By Joseph Adinolfi via Marketwatch.com

[Editors Note: As I predicted at the end of 2015 in my video ‘Why Bitcoin price could hit all time highs in 2016”  With the price at $326 there were so many reasons why Bitcoin was severely undervalued against its NAV. In 2016 they  all came to fruition with Bitcoin currently trading at 2016 highs of $940]

  • “Bitcoin’s market capitalization sailed past $14.5 billion as the price of a single coin traded as high as $913 a coin on Friday, according to Coin Market Cap, as its market capitalization to sail past the $14 billion mark, eclipsing the market value of, say, Twitter Inc”
  • “The shift in bitcoin’s valuation is only part of the story. Trading volume has also increased dramatically in 2016, peaking at more than $330 million a day over the summer. Finally, the bitcoin market is liquid enough to allow professional traders to enter and exit positions without losing their shirt, as Hayter put it”

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