Bitcoin’s big boom has yet to begin

Regulators regard the cryptocurrency with suspicion, says Dominic Frisby. But there has been a breakthrough.

bitcoin
(Image credit: Getty Images)

As long-time readers will know, I have been encouraging readers to buy Bitcoin since 2013. I continue to do so. Everybody should own some Bitcoin. Its potential is too enormous to ignore, and I feel a percentage of everybody’s portfolio should be allocated to it. If I had a Bitcoin for every person who has come up to me and said how they should have bought it when they first heard me talking about it, but didn’t, I’d be richer than Bitcoin’s founders.

By owning bitcoin you are effectively owning shares in perhaps the most technologically brilliant system of money in history. The technology is already becoming the template for national currencies in the form of central bank digital currencies (CBDCs) but as supranational money for the borderless medium
that is the internet, and with its capacity for micropayments, bitcoin’s potential scalability dwarfs that of national currencies. 

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby