The cryptocurrency craze is back due to the impressive rally of the world’s most popular digital currency in 2021.
BTC’s plunge and that of other digital currencies wiped off over US$200 billion of the cryptocurrency market’s value.
Despite the entry of more institutional investors, BTC is a high-risk investment in the eyes of many.
Due to current regulatory and technical barriers to entry, BTC is much less liquid than fiat currencies.
It would help stabilize the market if people can use digital currency for ordinary transactions.
Taleb advised, “If you want to hedge against inflation, buy a piece of land.” He added the best strategy is to own things that produce yields in the future.
The share price of $3.55 is 1,027% higher than it was a year ago.
Besides BTC, it mines and sells other digital currencies such as Ethereum and Ethereum Classic.
Instead of direct access to a highly volatile asset, HIVE offers exposure to the operating margins of digital currency mining and a portfolio of coins.
One little-known Canadian IPO has doubled in value in a matter of months, and renowned Canadian stock picker Iain Butler sees a potential millionaire-maker in waiting…
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