Bitcoin surpasses $15,000-mark! Here’s a word of advice for retail, HNI investors
NEW DELHI: Bitcoin surpassed $15,000 for the first time ever on Thursday, ahead of the launch of Biotcoin futures on Chicago-based CBOE this coming Sunday. The cryptocurrency hit a 24-hour high of $15,340 per unit and 24-hour low of $12,662.86, as of 10 am IST, data available on coingecko.com suggested. The e-currency has been on a roll ever since the beginning of this year. The digital currency has zoomed over 1400 per cent year-to-date to hit the all-time high level of $15,000-mark in Thursday’s trade from a sub-$1,000 level at the beginning of the year. Extraordinary returns delivered by the cryptocurrency has made it the talk of the town. Pankaj Jain, a New York-based bitcoin investor in an interaction with ETMarkets.com advised small investors not to invest more than 1 to 3 per cent of their net worth in cryptocurrencies. High-net worth investors should refrain from investing more than 5 to 10 per cent of their investable money in this digital currency, he sa...