The huge opportunities and equally large risks in cryptocurrencies

Cryptocurrencies, specifically Bitcoin, have been a hot topic among the retail and professional investment community in the US.

Indeed, the virtues of Bitcoin make logical sense. It is a digital, cryptography-grade, secure form of exchange between two entities on a decentralised basis. The transaction is then recorded on a public electronic ledger, to be rewarded in the form of mining, of which there is only a finite supply.  The take-up of this asset class is still in its very early stages and is largely based on retail or individual interest. Interestingly, it is very popular among US millennials, where the efficiencies of crypto seem to resonate highly, especially as many will already work in the technol...