The rise of bitcoin and other cryptocurrencies is undoubtedly a source of endless fascination for investors; even those who say they would not currently touch related products with a barge pole.
It is not surprising they are sitting up and taking notice as bitcoin prices, for example, have soared from $952 at the end of 2016 to break through the $8,000 barrier this month. Prices are notoriously volatile, as witnessed by a significant sell-off recently, but this is clearly part of the attraction for circling speculators. But what of ordinary investors who want a piece of the action? Demand is clearly rising as recent figures show gold trading among private investors fell by 31.5% in October compared to the same time last year, while Google searches to 'buy bitcoin' overtook...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes