Bitcoin’s Big 2016 Rally Highlights Both Its Potential and Risks – TheStreet

With a 91% year-to-date gain on the books as of Wednesday, Bitcoin has emphatically shown this year that rumors of its death are widely exaggerated. But the factors behind the gains show why the cryptocurrency remains a highly speculative play, albeit one with a big potential payoff. After trading as low as $358 early in the year, Bitcoin more than doubled over the next five months, with a big portion of the gains coming through a parabolic rise occurring between late May and mid-June. Bitcoin retreated

Source: Bitcoin’s Big 2016 Rally Highlights Both Its Potential and Risks – TheStreet