You Can Buy Bitcoin with a Credit Card, but Should You?

More people are looking for ways to buy Bitcoin with a credit card, with the cryptocurrency up 64% over the past month alone.
It’s hard to blame them. The Bitcoin price has soared more than 900% in 2017, far outpacing the 15.5% gains in the S&P 500 index.
Bitcoin hit an all-time high of $11,377 on the CoinDesk Bitcoin Price Index this week, before pulling back under $10,000. Today, the price of Bitcoin is about $10,500, more than four times where it was trading in mid-July.
The latest surge – which took the Bitcoin price from under $6,000 to over $11,000 in two weeks – has inspired many investors to try to get on the cryptocurrency bandwagon any way they can.
That’s why U. S. Bitcoin exchange Coinbase added 300,000 new users over the Thanksgiving holiday week. The new additions brought Coinbase’s account total to 13.3 million, according to Alistair Milne, co-founder and chief investment officer of Altana Digital Currency Fund – exceeding the 10.6 million brokerage accounts at Charles Schwab.

This post was published at Wall Street Examiner on December 1, 2017.

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