Bitcoin and other cryptocurrencies make up the new dazzling asset class in the markets. The cryptocurrency bull run has indeed caught the attention of millions of people who previously had never considered digital currencies like Bitcoin to be an alternative asset. Mohan Naik, an avid cryptocurrency investor says, “I had never expected Bitcoin to cross the 25,000 mark this soon. But when it began rapidly rising, crossing the mark of 50,000-60,000 was an easy task. I couldn’t believe that my portfolio included such gigantic returns from investments made in Bitcoin and cryptocurrencies.”
Investors around the world have been reported of being entitled to extremely high profits of even around more than 1,000 per cent over a number of years simply through investments made in cryptocurrencies. Let us consider that you jumped into the game at a very early stage when it had just been launched in 2009. At that time since the initial value of the asset was around USD 0, by now investors like you would have earned around millions or billions in returns, making it the best-performing asset of the last decade in your portfolio.
Nevertheless, even if an investor realised the growing excitement in Bitcoin a bit late and invested around USD 100 in October 2010 for 1,000 Bitcoins, when one Bitcoin was for 10 cents, the asset’s current value in an investor’s portfolio would surely be more than USD 40 million. Those investors who missed the opportunity to benefit from the increasing gains from Bitcoin weren’t left disappointed when the pandemic shook the world in 2020. Amid signs of broad investor interest, Bitcoin and other cryptocurrencies returned to prominence over the past year. Bitcoin has gained by more than 90 per cent in 2021, after quadrupling in value in 2020.
Esta historia es de la edición March 29, 2021 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 29, 2021 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
