47 0 0 0 13 6. It must have been cause for cheer among investors who bought how much money to invest in bitcoin a year ago. 200 over the course of a day.
Even now, analysts such as those from investment banking giant Goldman Sachs expect the cryptocurrency to fall some time in the near future before rising once more. Bitcoin’s sudden rise has drawn comparisons to other investments that shot sky high— only to come plunging down—like tech stocks in the late 1990s and real estate in the early 2000s. Matthew Elbeck, a professor of marketing at Troy University told MONEY earlier this year. Bitcoin’s advocates, however, say Bitcoin has much further to rise.