The hype bubble around cryptocurrency, Bitcoin and, to a lesser extent, blockchain, continued to deflate in 2019 and a healthy dose of scepticism and realism broke out.
The idea that you can come late to the crypto party, buy a handful of tokens from start-ups with nothing more to show for themselves than a white paper and make thousands of percent profit has all but vanished. Likewise, Bitcoin's sheen of invincibility has lost its lustre as question marks around the lack of scalability and influence of whale investors and mining pools controlled from China have grown. While blockchain is making headway as a technology for cutting out clunky middle parties and admin, it is increasingly seen as distributed ledger technology (DLT) v1. In other words...
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