Cryptocurrency speculators claim that bitcoin and its peers will mean the end of state-controlled money. That’s economically and politically impossible, says Edward Chancellor.
The near-vertical price rise of bitcoin, the digital currency, has been likened to the Nasdaq bubble. But there’s really no comparison.
Bitcoin is a bubble. It’s gone bananas. But it could go a lot higher yet. So what do you do? Dominic Frisby explains.
The success of cryptocurrency bitcoin is a direct result of the financial crisis and central banks’ reaction to it, says John Stepek. It’s what happens when you can’t trust money.
William Shepherd, head of treasury at forex company OFX, explains what drives sterling’s movements in the currency markets.
Against pretty much every major currency, the pound is undervalued, says Dominic Frisby. Now, the stars are coming into alignment – the only way is up for sterling.
Jake Trask, foreign exchange research director at OFX, explains the wide range of global events that have the power to move currencies.
Tezos received plenty of hype ahead of its initial coin offering during the summer, says Ben Judge. But for those who bought in, the cryptocurrency has yet to materialise.
Buying bitcoin is just a form of gambling, says Francisco García Paramés, Spain’s best-known fund manager – and he doesn’t see the appeal.
Cryptocurrencies – bitcoin in particular – are the bull market of the decade. It’s just possible the price of one bitcoin could hit $100,000, says Dominic Frisby. Here’s why.
The Turkish lira slipped by more than 5% against the US dollar in October alone, and is now close to revisiting January’s all-time lows.