Bitcoin Investing: Wall Street Investors Enter Into BTC, Crypto


Photo illustration: 731. Cowboy: Getty Images. Bitcoin: Shutterstock

Many investments have gone solo recently, but none stand out much like Bitcoin. Its price increased fourfold in just a few months to touch an all-time high of more than $ 41,900 in early January, driving the cryptocurrency back to the fore less than three years after a spectacular 75% crash. (It traded at about $ 36,400 on Jan. 19.)

Nothing about Bitcoin fundamentals has changed. Bitcoin is just a piece of digital code that generates no returns, pays no dividend or interest, and has nothing but other people’s belief that it might be worth something.