After going nowhere for several years, the bitcoin price has suddenly taken flight in recent months as speculators fight to get hold of the cryptocurrency.
Ultimately this has led to the bitcoin price rising a massive 334% during the last 12 months.
While bitcoin's one-year return is undoubtedly an impressive one, there are several shares on the ASX which have bettered it. They are as follows:
The Big Un Ltd (ASX: BIG) share price has climbed an astonishing 425% in the last 12 months. With the company expecting to report a 399% increase in cash receipts to $20.3 million in FY 2017, it isn't hard to see why its share price has rallied so strongly. Big Un is the parent company of Big Review TV, which aims to disrupt the online video space by delivering subscription-based video technology products and services.
The Kidman Resources Ltd (ASX: KDR) share price has risen a massive 385% in the last 12 months. The junior miner's shares went gangbusters last year after the discovery of its world-class Earl Grey lithium deposit in Western Australia. While it wouldn't necessarily be my first pick in the industry, if lithium prices remain high then Kidman could have a bright future ahead of it. The good news in this regard is that supply and demand are expected to remain increasingly tight for the next few years.
The SKY and Space Global Ltd (ASX: SAS) share price has climbed over 700% since this time last year. This exciting nano-satellite company plans to deploy nano-satellite constellations into orbit in order to provide global voice, instant messaging, and data communication infrastructure and services to the telecommunications and international transport industries. While it is too early for an investment for me, I'll happily acknowledge that the company could revolutionise the industry if it can deliver on its goal. The first three nano-satellites are scheduled to be launched in June.
