Business

Bitcoin continues its massive surge

Bitcoin is having its moment.

The often maligned crypto-currency continued its incredible run on Monday, soaring to nearly $2,200 at 10:30 p.m. — leaving it up 124 percent this year and ahead nearly 400 percent over the past 12 months, according to Coindesk.

By comparison, the Dow Jones industrial average, in the midst of a Trump Rally, has gained 5.7 percent this year.

In fact, $100 invested in bitcoin in July 2010 would be worth $3.5 million today, according to a chart sent to some people by Jeroen Blokland, a portfolio manager on the Robeco Global Allocation team, according to MarketWatch.

The same investment at the same time in the S&P 500 would be worth $250 — excluding dividends, according to Blokland’s chart.

That means just a buck invested in bitcoin seven years ago would be worth $35,000 today.