The rise of bitcoin this year has taken all but its most ardent supporters by surprise. The virtual currency has risen by as much as 17x since the start of the year, with it passing $17,000 for the first time this week. While it could move higher in the short term, ultimately it appears to be a bubble that is ready to burst. A lack of scalability, logistical problems and potential regulatory issues mean that the cryptocurrency may lack appeal versus other assets. For these reasons, I'd rather buy these two gold-mining shares in order to help diversify my portfolio. |
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