Bitcoin Lingers | Seeking Alpha

With Bitcoin down over 66% from its highs earlier in the year, it may sound pretty unbelievable, but the standard bearer of the cryptocurrency space is still up over 50% on a y/y basis. That’s right, back in early October 2017, Bitcoin was trading at a price of just $4,283 compared to today’s price of $6,463. Bubbles can take quite a long time to fully deflate!

With Bitcoin still trading up over 50% from where it was a year ago, it is actually outperforming all but 12 individual stocks in the Nasdaq 100 during that span. Just to show how timing really is everything when it comes to investing, while just 12 Nasdaq 100 stocks are outperforming Bitcoin over the last year, on a YTD basis every single one of them has outperformed Bitcoin.

Editor’s Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

window.SA = {“App”:{“name”:”SA”,”fullName”:”Seeking Alpha”,”type”:”regular”,”host”:”https://seekingalpha.com”,”emailHost”:”https://email.seekingalpha.com”,”pro”:false,”proPlus”:false,”contributorCenter”:false,”realHostName”:”https://seekingalpha.com”,”isCms”:false,”cancelPV”:false,”isSharkPreview”:false,”usersOnSite”:”7,062,073″,”assetHosts”:[“https://static.seekingalpha.com”,”https://static1.seekingalpha.com”,”https://static2.seekingalpha.com”,”https://static3.seekingalpha.com”],”moneData”:{“params”:”essential_rename=test_v1″},”assetHost”:”https://static.seekingalpha.com”,”userEchoHost”:”https://seekingalpha.userecho.com”,”env”:{“dev”:false,”staging”:false,”production”:true,”test”:false},”gaAccountId”:”UA-1466493-1″,”comscoreAccountId”:8500672,”fbAppId”:”624608951014846″,”twitterAccountName”:”SeekingAlpha”,”rollbarToken”:”5edf110be2fc4cecb32637fc421111e2″,”perimeterXAppId”:”PXxgCxM9By”,”embedlyKey”:”a6da93fdfc49472099ce63260954716b”,”mp”:false,”chat”:{“host”:”https://rc.seekingalpha.com”}},”pageConfig”:{“Refresher”:{“active”:false},”Data”:{“article”:{“id”:4209807,”title”:”Bitcoin Lingers”,”stub”:false,”primaryTicker”:””,”primaryIsCrypto”:null,”isTranscript”:false,”isSlides”:false,”twitContent”:”$32BIT-USD $ANTI-USD $BCA-USD $BCD-USD $BCF-USD $BCH-USD $BCI-USD $BIFI-USD $BIT16-USD $BITCF https://seekingalpha.com/article/4209807-Bitcoin-lingers?source=tweet”,”isProArticle”:false,”isProPaywall”:false,”paywallReason”:null,”isArchived”:false,”inEmbargo”:false,”is_wsb”:false,”isAuthorNewsletter”:false,”titleTest”:null,”archiveOn”:0.0,”isProNoEmbargo”:false,”url”:”https://seekingalpha.com/article/4209807-Bitcoin-lingers”,”isFreeMpArticle”:false,”isFreeProArticle”:null,”isInsight”:false,”insightSlug”:””,”price_at_publication”:null,”themes”:[“cryptocurrency”,”article”],”from_liftigniter”:false,”isAnyProArticle”:false,”allowMpPromotion”:false,”article_datetime”:”2018-10-04T07:35:45.000-04:00″,”isEtf”:false,”taggedUrlsHtml”:”u003cspan itemscope itemtype=’http://data-vocabulary.org/Breadcrumb’u003eu003ca href=’https://seekingalpha.com/analysis/macro-view/all’ sasource=’article_navigation’ itemprop=’url’u003eu003cspan itemprop=’title’u003eMacro Viewu003c/spanu003eu003c/au003eu003c/spanu003e, u003cspanu003eCryptocurrencyu003c/spanu003e”,”isFidelityEducationPage”:false,”contentData”:null,”marketingBullet”:null},”author”:{“id”:20757,”userId”:78933,”slug”:”bespoke-investment-group”,”exclusiveResearch”:null,”tagId”:7596,”name”:”Bespoke Investment…
Article Source…