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Bitcoin is among the investments expected to soar, according to Tradebird, a social trading app, reported The Street, a site that offers insight on investing. The Street and the investor comments it cited join the growing investment community interest in bitcoin.
The Street article cited the impressive gains of the Grayscale Bitcoin Investment Trust. Other investments expected to soar are SolarCity, Swiss Francs and Manchester United.
What Do ‘Real Traders’ Think?
Ivan Ashiminov, a writer for The Street, noted it is important to know what “real traders” think since they can offer clues about the future direction of stocks, currencies and commodities.
The article includes a chart of the Grayscale Bitcoin Investment Trust from August 2015 to June 2016, during which time the price has posted steady gains.
Bitcoin, according to Ashiminov, is “surging at 92% bullish sentiment.” He further noted a July auction in Australia of nearly $16 million