Got $6,000? Forget Bitcoin: Buy These 2 Tech Stocks Instead
Is 2021 the year of the world's most popular digital currency? Cryptocurrency investors are having a field day with Bitcoin having a wild ride. At one point during trading on January 3, 2021, Bitcoin's price topped $34,608.56. On January 5, 2021, the crypto was trading at $31,481.81, or 240% higher than the price six months ago.
There are rumours that institutional investors and known investors like Paul Tudor Jones and Stan Druckenmiller have positions or fund allocations for Bitcoin. JPMorgan Chase even predicts that it could compete with gold as an asset class. According to the bank's analyst, Bitcoin's price can potentially reach $146,000 in the long term.
