You are here: Home » PF » Features » Investments
Supplement your health insurance with top-up, critical illness covers
icon-arrow-left
Bank portability: A good suggestion
Business Standard

Bitten by the bitcoin bug?

Investors need to weigh risks and rewards of alternative asset class carefully before betting on it

Topics
Bitcoin

Rajesh Bhayani 



Bitcoin
Photo: iSTOCK

Last Thursday, the price of bitcoin, a crypto currency, hit an all-time high of Rs 2.30 lakh a unit in the Indian market ($2,700 in international markets). By Saturday, it was down to Rs 1.64 lakh a unit — down 30 per cent in less than 48 hours. It provided a reality check for investors who thought that they had missed out on another chance to make a quick buck (See Great Returns).

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, May 31 2017. 23:16 IST

RECOMMENDED FOR YOU

.