June 13, 2021
Business

UPDATE 1-UK’s Biffa to buy collections business, some recycling assets from KKR’s Viridor for $179 mln

Bloomberg

Bitcoin Rally Was So Huge It Was Worth the Risk-Adjusted Twists

(Bloomberg) — Yes, you made a bundle holding Bitcoin through the top a month ago. And even with a selloff like this one, it’s probably been worth the toll on your nerves.With the cryptocurrency sinking as much as 31% Wednesday, one might ask whether the token has been a good investment over time. As scary as the sudden wipeout is, the gains have been so enormous that — even adjusted for risk — Bitcoin has done way better than other major assets.Consider its trajectory since the end of last September, when Bitcoin embarked on a meteoric rise. Over the span, it has generated a 255% return, a rally that few other investments can match. At the same time, its price swings have also been almost unparalleled — 11 separate sessions of intraday losses of at least 10%.But anyone who has stomached the churn is reaping…

Read full article here: finance.yahoo.com