US$12.3 TRILLION out of thin air…
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Bitcoin is a phenomenon. Anybody who got in early could be mega-rich by now. This year, it’s defied its many doubters to surge past the December 2017 peak of $20,000. Few will have expected that when it dwindled to just a few thousand dollars a couple of years ago. Many thought its ultimate value would be zero. Not now.
I’m buying UK shares for income and growth
Bitcoin is also becoming increasingly respectable. Institutional investors want a piece of the action. Payment companies like PayPal are to starting to consider accepting it as exchange. If this trend continues, Bitcoin could climb much higher. Especially since its supply is limited to a maximum of 21m coins, of which up to 5m could be lost for good. Rising demand and shrinking supply suggests further growth. So why do I favour UK shares?
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