Tag: Bitcoin

From stocks to bitcoin, Wilmington’s Meghan Shue sees troubling trend

As a record amount of money flows into the market, Wilmington Trust’s Meghan Shue sees a troubling trend.

Shue, who oversees almost $136 billion in assets, is concerned retail investors are rushing into stocks and cryptocurrencies that are high risk and offer few benefits — if any at all.

“It’s a little bit of chasing returns in the wrong areas. It’s also a little bit of chasing what’s already happened,” the firm’s head of investment strategy told CNBC’s “Trading Nation” on Friday. “One thing we have to be careful of is not to extrapolate what we’ve seen over

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Meet the Bitcoin investors who got insanely rich off crypto

It’s the revenge of the tech nerds. 

“I got my first bitcoin in December 2012, as a gift,” said John Ratcliff, a video game developer who lives near Pikes Peak in Colorado. Back then, the novel token was worth a measly 13 bucks. “I sort of dismissed it, then checked back in in 2013 and saw it was worth $72. So I took my wife out for a nice dinner.” 

John Ratcliff, 59, invested $15,000 in 150 bitcoin at $100 in 2013.
John Ratcliff, 59, invested $15,000 in 150 bitcoin at $100 in 2013 and is now building a $1.4 million “dream house.”
Courtesy of John Ratcliff

That date actually cost him

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