Here's the Single Most Dangerous Investment in 2021
Last year certainly qualifies as one of the most volatile in stock market history. Investors navigated their way through the widely followed S&P 500 losing over a third of its value in about a month. They also enjoyed a bounce-back rally for the ages, with the S&P 500 hitting new highs less than five months after finding a bottom on March 23.
If there's one figure that stands out above all else, it's that 10% of the roughly 3,700 stocks with a market cap of at least $300 million ended 2020 higher by at least 100%. That's a head-scratching number considering the magnitude of the recession caused by the coronavirus disease 2019 (COVID-19) pandemic.
There's no question that select equities and assets got ahead of themselves over the trailing nine months since the stock market bottomed. However, one investment looks to be the most dangerous of all. That investment, which I strongly believe should be avoided at all costs in 2021, is cryptocurrency bitcoin.
Source Fool.com
