“Ruffer resists trimming bitcoin as it smashes through $50k”

Feb 24, 2021 | Currencies

We get stuff through from every conceivable fund manager every day. And on any given day, a number will predict the end of the (financial) world as we know it. Current themes, inflation’s coming back, interest rates will soar, bond prices will collapse, governments will go bust. And, of course, stock markets will crash. All of the above will happen at some time, and if you bang on for long enough, you’ll be right eventually.  But it won’t be the end of the world as we know it. And, for sure, bitcoin is neither the answer, nor the alternative.

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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...