Bank of America named bitcoin the best asset of the decade, billionaires invest into BTC, and ethereum’s volatility is at its lowest
Bank of America: bitcoin is the best investment of the decade
Bank of America Merrill Lynch named bitcoin the best asset for investment of the decade. 1 dollar invested in 2010 would now be $90,026.
For comparison, 1 dollar invested in American stocks during the same period would have the price of $3.46. Myanmar’s national currency was named the worst asset, since 2010 $1 invested in it now has a value of just $0.004.
Yet another billionaire bought bitcoins
The number of billionaires investing in cryptocurrencies is steadily growing.
Financial expert Bill Pulte announced his purchase of 11 BTC (around $78,000). He is the CEO of investment company Pulte Capital Partners and is worth about $11 billion. Pulte thinks the main advantage of bitcoin is an opportunity to make a transaction to any part of the world without a middleman. According to the billionaire, bitcoin can make the life of the poor easier and make the world a better place
Ethereum’s volatility drops to the level of 2016
Ethereum has been trading in the narrow range of $140–150 for a long time now. According to CoinMetrics.io, ETH’s volatility index dropped to 2016’s lowest.
On December, 8 Ethereum has undergone Istanbul hard fork, which did not lead to the cryptocurrency’s price growth, despite expectations.