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Cryptocurrency derivatives? You bet. This trader has 295% return

Even Paris Hilton is tweeting to her 16 million followers about her cryptocurrency investments

Bloomberg 

Jay Smith has little doubt the cryptocurrency market will crash. The price of bitcoin has increased sixfold in the past year, despite a 25 per cent plunge this month triggered by China’s crackdown on digital tokens. Not a week goes by without startups launching new ones to fund everything from dentistry to Las Vegas strip clubs. Even Paris Hilton is tweeting to her 16 million followers about her cryptocurrency investments. If that isn’t a jump-the-shark-moment, what is? Yet Smith, the No. 1 cryptocurrency trader at online brokerage eToro, shrugs all that off as he ...

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First Published: Wed, September 27 2017. 22:47 IST
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