Have you heard about the next big thing in investing? It's actually digital currency bitcoin, which has risen by nearly 900% over the trailing-two-year period.
The more media coverage it receives, the more interest there will likely be in this burgeoning payment and investment platform.
Weakness in the world's most prominent currency, the U.S. dollar, may be helping as well. President Trump has, on numerous occasions, proclaimed the U.S. dollar to be too strong.
Some investors have used the dollar's weakness as an opportunity to invest in bitcoin.
Here are some of the largest companies that accept Bitcoin as a payment method:
Overstock.com
Dish Network
Microsoft
Intuited
PayPal
There are also negative factors that are affecting the cryptocurrency.
For example, bitcoin prices plunged by more than $200 in a single day between June 25 and June 26.
Source: Bloomberg
Junior Trader Stefan Panteleev
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