World stock markets have been on a rise, breaking through all time highs due to the printing of money by central banks. The year high so far in the S&P is $1808, which is a 26.79% gain since the beginning of this year. If you had invested $5000 at the beginning of the year and sold at the high, you could have made $1340 profit, which is a very respectable gain for the year.
Bitcoin has also been on a rising on an increasing pace, which may also indirectly be to due to the money printing of central banks. Instead of rising based on the inflow on liquidity from central banks, many Bitcoin investors see the cryptocurrency as a hedge against the massive world wide money printing.
The year high so far for Bitcoin is $1225, which is a 8974.07% rise from $13.50 at the beginning of this year. If you had invested $5000 at the beginning of the year and sold at the high, you could have made $448,703 profit.
The outlook for Bitcoin has become very promising due to recent U.S. Senate approval and spreading popularity. Although Bitcoin is extremely volatile, those with the nerves to hold may be rewarded greatly in the long run.
Many believed that Bitcoin would be in the crosshairs of the U.S. Government during the Senate hearing that took place on Monday, November 18 2013. Suprisingly, the Senate hearing was extremely positive for Bitcoin and the future of other cryptocurrencies. U.S. officials recognized Bitcoin as legitimate financial payment system, which would help promote a more efficient global commerce.
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