The crypto-currency known as Bitcoin has gained a lot of love and attention from the media as of late, but some of that coverage may have been a little unwarranted. At least that is the opinion of those who participate in the Oxford Club. What they have said is that Bitcoin may have seen some of its best days already in terms of the value available to investors.
For those who don’t know, the Oxford Club is an elite group of investors who focus on finding value in investments wherever they can. They look to outperform the market through innovative investing strategies that are sometimes a little different from what everyone else is doing. So far, this kind of strategy has worked quite well for the Oxford Club. They have enjoyed out sized returns compared to what so many others have received.
When they took a look at Bitcoin, they just were not pleased with what they saw. They believe that crypto-currencies in general may have value to them as investments, but Bitcoin itself is a little overpriced. In fact, it might be very much overpriced depending on how sentiment goes with this kind of thing. Already, the value of Bitcoins is up over $11,000 per coin.
While Bitcoin may be a poor choice of an investment, there are other crypto-currencies on the market. Some of those currencies may actually be worth the investment depending on what they are. Many have pointed to them as a possible choice for those who feel that they are a little late to the party on Bitcoin.
Before investing in anything like this, it is a good idea to have some clue as to what it is all about. In other words, it is not a wise choice to put your money in Bitcoin or any other crypto-currency if you do not really understand it. If you do feel comfortable with this type of investing though, then crypto-currency may be the right choice for you. There is no doubt that it is the subject of conversation at many cocktail parties at the very least.
Learn more about the Oxford Club: https://www.crunchbase.com/organization/the-oxford-club