Mark My Words: Bitcoin Could Plunge on December 11

Historically, the stock market has been the greatest creator of long-term wealth, and it certainly hasn't disappointed in 2017. Each of the three major U.S. indexes have logged dozens of fresh all-time record highs, with the broad-based S&P 500 up almost 300% from where it troughed during the Great Recession.

Yet in spite of these impressive gains, it's cryptocurrencies like bitcoin that have stolen the show. On Dec. 5, bitcoin touched yet another all-time high, inching ever closer to $12,000 per coin. Since the year began, bitcoin has rallied more than 1,100%, which has coerced investors to pile into the world's most popular cryptocurrency. Despite skepticism, it's shown little signs of slowing.

Image source: Getty Images.

Continue reading


Source: Fool.com