Bitcoin’s soared 110% in value! I’d still rather buy cheap FTSE 100 shares

first_img Image source: Getty Images Our 6 ‘Best Buys Now’ Shares See all posts by Royston Wild Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997”center_img Royston Wild | Tuesday, 23rd June, 2020 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. The FTSE 100’s steady recovery continues to impress. But it pales in comparison with the stonking price gains Bitcoin has recorded since hitting March’s lows.The virtual currency’s soared 110% in value in the three-and-a-bit months since then. By comparison, the Footsie’s daily gains have been limited to modest single-digit-percentage rises at best. Still, I’d much rather invest my hard-earned money in cheap FTSE 100 shares than in Bitcoin.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Buy Bitcoin? No thanksIt’s no mystery why Bitcoin attracts so much print yardage today. We all love a ‘get-rich-quick’ story, and the idea of reaching our long-term investment goals years and years ahead of schedule is terrifically appealing.However, Bitcoin’s rampant price gains of recent weeks illustrate exactly why the cryptocurrency is such a dangerous investment. Extreme price movements often follows no obvious pattern, whether viewed from either a technical or fundamental perspective.The difference between making big returns or losing vast amounts of your cash is as unpredictable as the outcome of flipping a coin.Like all get-rich-quick schemes, Bitcoin represents no little danger to investors. It really is the ultimate ‘Marmite’ investment, with debate raging on whether it is the asset to own in an increasingly digitalised world, or whether it’s worth no more than fresh air.Investment guru Jim Rogers chimed in on the issue again in recent days. He commented that “cryptocurrencies didn’t even exist a few years ago, but in the blink of an eye they became 100 and 1,000 times more valuable. This is a clear bubble and I don’t know the right price. Virtual currency is not an investment target. It’s just gambling.”I’m not saying that fans of Bitcoin will be proved wrong over the long term. But at this stage it’s impossible to quantify the true value of cryptocurrencies like this. Rogers incidentally predicts that Bitcoin “will go to zero” eventually.Stick with the FTSE 100This is why I would much rather continue investing my money in stocks than Bitcoin. When you buy a share you can lay claim to something tangible, from a share of the profits they generate to the chairs its workers sit down on and the coffee in their mugs.Investing in FTSE 100 shares remain an attractive idea right now too. As I said at the top of the piece, Britain’s blue-chip index has risen steadily rather than spectacularly. But any gains are quite impressive given the state of market-sensitive news flow.For example, the FTSE 100’s near-1% rise on Tuesday comes despite fears of a US-China trade deal collapse and another spike in new Covid-19 cases in Germany. This suggests to me there still remains plenty of blue-chip shares too attractive to miss at current prices.My own research shows there are a galaxy of great value stocks to choose from right now, whether you’re hunting stocks for growth or for those paying big dividends.So I say forget about Bitcoin and go bargain hunting on the Footsie. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Bitcoin’s soared 110% in value! I’d still rather buy cheap FTSE 100 shareslast_img read more