This Bitcoin Rally, Ask Yourself the Right Questions
A screen displays prices of Bitcoin in Seoul, South Korea, on Nov. 13.
Photographer: Bloomberg/SeongJoon ChoIn case no one has told you — and somebody will soon — the price of Bitcoin this week exceeded $93,000 for the first time. That’s a jump of some 20% from a week ago, 150% from a year ago and a whopping 22,900% from a decade ago. Should you invest at a time when some forecasters envision it hitting the once-fanciful price of $100,000 in the not-so-distant future?
First things first, let's cover the driver here. Like it or not, a lot of this has to do with Donald Trump.