Article by [author-name] (c) South China Morning Post - Read full story here.
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…