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This Trader Made 295% on Cryptocurrency Derivatives

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Jay Smith has little doubt the cryptocurrency market will crash. The price of bitcoin has increased sixfold in the past year, despite a 25 percent plunge this month triggered by China’s crackdown on digital tokens. Not a week goes by without startups launching new ones to fund everything from dentistry to Las Vegas strip clubs. Even Paris Hilton is tweeting to her 16 million followers about her cryptocurrency investments. If that isn’t a jump-the-shark-moment, what is? Jay Smith Plus500 Ltd. offers leverage of 30 to 1 on such bets, while XTB International Ltd, registered in Belize, touts its award as the […]
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