Weekly Comic: Which will be the best investment for the second half of 2017
This week’s Investing.com comic pits some of the hottest investments of the year against each other, specifically bitcoin, ethereum, gold, oil and the S&P 500.
Bitcoin cleared the $2,600-level for the first time on Thursday to hit yet another all-time high, as a monster rally continues amid bullish noises around the future of the cryptocurrency.
Prices are up almost 100% so far in May. Since the start of the year, the price of bitcoin has soared roughly 180%, taking the total value of the cryptocurrency in circulation to around $43 billion.
Meanwhile, bullishness around bitcoin has stoked appetite for other cryptocurrencies. One in particular known as ethereum is gaining traction.
Ethereum has risen from $8.24 on January 1, to a high of $217.85 on Thursday. This represents a whopping 2,367% increase year-to-date.
The monster rally in cryptocurrencies this year has overshadowed traditional assets, such as gold, oil and the S&P 500, which are up roughly 9%, 2% and 8% since the start of the year.
Which will be the best investment for the second half of the year?