It’s been a year of mixed results for cryptocurrency enthusiasts and speculators.
The biggest positive for Bitcoin is that it was actually the best performing currency this year, ahead of the US Dollar and the Israeli Shekel. Bitcoins have climbed a solid 21% in value over the course of the year in USD terms, and even more relative to other currencies. While the cryptocurrency hasn’t reached the heights it did in 2013, this is still a sign of positive strength.
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More
33 Signs That Bitcoin Growth Isn’t Slowing In 2016
Infographic source: BargainFox