Now, trading veteran Glen Goodman, who successfully profited from shorting stocks and shares during the 2008 global financial crisis, has branded the rise of bitcoin and cryptocurrencies a "once-in-a-generation" investor opportunity and called on people to "grab it with both hands."
bitcoin, bitcoin price, image
The rise of bitcoin and cryptocurrencies has been described by trader Glen Goodman as "one of the most extreme market events in all of human history." GETTY
"I've taken my years of trading experience and applied it to a brand-new market," Goodman wrote in his new book, The Crypto Trader. "Crypto is the Wild West of trading, and that means the risks, as well as the rewards, are greater."
Goodman's book comes as the bitcoin and cryptocurrency market is keenly awaiting institutional investment in the fledgling industry, with the world's biggest technology companies, including social media giants Facebook and Twitter, eyeing bitcoin and crypto as a potential new revenue driver.