Dutch tulip bulbs ‘became worth the equivalent of many thousands of dollars’. Shares in the South Sea Company soared and even clever people like Isaac Newton and Jonathan Swift were investors and later bankrupts. Railways, Barings, .coms, need I go on? They’re called the lessons of history of which no-one who has money in BitCoins will take notice because, of course it’s different. Don’t think they could explain why, anymore than give me a comprehensible explanation of what a crypto-currency is or does. The best one will be, I think, ‘collapses like a house of cards’.
“US Justice’s largest ever financial seizure sees two arrests over $3.6bn stolen crypto”
I make a point of never recommending anything which is a)unregulated or b) I don’t understand and can’t explain. And here’s proof, were it ever needed, that crypto-bitcoins fall firmly into both categories…