Forget Bitcoin! I’d pick these 5 UK shares to double my money in 2021 Image source: Getty Images
Since the beginning of December, the price of Bitcoin has doubled. This performance has resulted in a wave of new interest in the cryptocurrency with the number of online searches for ‘how to buy Bitcoin’ jumping.
Some analysts believe this could be just the start of the crypto asset’s growth. Price targets of as much as $146k have been touted on Wall Street. That suggests the price of Bitcoin could rise a further 300% from current levels.
US$12.3 TRILLION out of thin air…
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The value of stocks and shares and any dividend income, may fall as well as rise, and is not guaranteed so you may get back less than you invested. You should not invest any money you can’t afford to lose and should not rely on any dividend income to meet your living expenses. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, administrative costs, withholding taxes, different accounting and reporting standards, may have other tax implications, and may not provide the same, or any, regulatory protection. Exchange rate charges may adversely affect the value of shares in sterling terms, and you could lose money in sterling even if the stock rises in the currency of origin. Any performance statistics that do not adjust for exchange rate changes are likely to result in inaccurate real returns for sterling-based UK investors.