Bitcoin is booming, but it works as an investment only if you subscribe to the Theory of the Greater Fool

//Bitcoin is booming, but it works as an investment only if you subscribe to the Theory of the Greater Fool

Bitcoin is booming, but it works as an investment only if you subscribe to the Theory of the Greater Fool

I closed my last column about the madness of the uninformed investment mob by holding back a rant about bitcoin. I thought I would have a go now that one bitcoin is worth over US$50,000, and many wish they had bought back in 2015 when it was around US$250. Bitcoin is of its age, a phenomenon developed from the digitisation of everything we do. As with the digitisation of many aspects of our lives, there is much confusion about what “cyber assets” actually are – even by their greatest…

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By | 2021-02-18T17:30:15+00:00 February 18th, 2021|Business|Comments Off on Bitcoin is booming, but it works as an investment only if you subscribe to the Theory of the Greater Fool