#maggiulli

Nick Maggiulli: Why I’ve Changed My Mind on Bitcoin

There comes a point in every investor’s journey when he must admit he is wrong about something. In my case, I was wrong about bitcoin and whether it would ever be considered a legitimate asset class. This realization dawned on me in the last month when the price of bitcoin passed its December 2017 highs of $20,000.  My prior belief was that bitcoin wouldn’t surpass these highs for many years, if…