This Trader Made 295% on Cryptocurrency Derivatives
- U.K. brokerage uses contracts for difference to trade bitcoin
- Regulators race to catch up with exploding market in tokens
The Wild Swings in Cryptocurrency Investments
Jay Smith has little doubt the cryptocurrency market will crash.
The price of bitcoin has increased sixfold in the past year, despite a 25 percent plunge this month triggered by China’s crackdown on digital tokens. Not a week goes by without startups launching new ones to fund everything from dentistry to Las Vegas strip clubs. Even Paris Hilton is tweeting to her 16 million followers about her cryptocurrency investments. If that isn’t a jump-the-shark-moment, what is?