“Bitcoin plunges as FCA warns investors could lose all their money”

Jan 12, 2021 | Currencies

I’m really not an ‘I told you so’ kind of guy. But actually, I did, both last week and on several other occasions. Bitcoin could be the future. But I’d still like my fees to be paid in good old £sterling for the foreseeable, please. Another headline on a similar note this week, ‘Is Tesla a car company or a casino?’ The streets are not exactly packed with them (or anything, at the moment), yet the company’s value increased by £750bn (yes, that was a ‘b’ not an ‘m’) last year. ‘Chicken Oriental’, as Del Boy (kids etc.) might have said.

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El Salvador plans to make Bitcoin its official currency

I avoid recommending stuff which even I don’t understand. That’s where I am with Bitcoin and Cryptocurrencies. The cost of mining them, for example: aren’t they just computer algorithms? Could I coherently explain a computer algorithm? Yes, many, including one or two...