US president Donald Trump at The White House Digital Assets Summit on March 7. The president’s family media company is raising a $2.5bn fund to buy cryptocurrencies. Photo: Getty
If you had bought €1,000 worth of bitcoin in early April, you would now be up around €450. It’s an extraordinary return in just a few weeks for not actually doing anything. Then again, if you had put €1,000 on the greyhound Gwan My Boy in a 525 yds race at Shelbourne Park last Saturday night, you would be up about €7,000. An extraordinary return in just 28.71 seconds.
The factors influencing the performance of the dog are pedigree, training, trap draw, conditions and who else is in the race. The factors affecting the bitcoin return are the level of demand for the cryptocurrency based on the number of people who believe it is going to go up in value.
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