Story by: Billy Bambrough
Bitcoin, which has exploded back into the public consciousness over the last few weeks following a huge surge in the bitcoin price, has again captured the attention of some of the world’s biggest investors and traders.
The bitcoin price, which began the year at under $4,000 per bitcoin, has soared to highs of almost $9,000 at the beginning of this week—up a staggering 120% and causing many to predict a potential return to the all-time highs seen at the tail end of 2017.
Now, trading veteran Glen Goodman, who successfully profited from shorting stocks and shares during the 2008 global financial crisis, has branded the rise of bitcoin and cryptocurrencies a “once-in-a-generation” investor opportunity and called on people to “grab it with both hands.”
“I’ve taken my years of trading experience and applied it to a brand-new market,” Goodman wrote in his new book, The Crypto Trader. “Crypto is the Wild West of trading, and that means the risks, as well as the rewards, are greater.”
Goodman’s book comes as the bitcoin and cryptocurrency market is keenly awaiting institutional investment in the fledgling industry, with the world’s biggest technology companies, including social media giants Facebook and Twitter, eyeing bitcoin and crypto as a potential new revenue driver.
Original story: https://tinyurl.com/y3x4t76o