Spinning its own world wide web of wonder: Is Bitcoin today like the internet in the 1990s?

Crypto growth echoes web's nascent growth and boom

clock • 5 min read

Bitcoin is back in the headlines and the prices have been going wild again.

For many professional investors, Bitcoin remains a silly fad, a bubble useful only for criminals and clueless speculators. I believe it is much more than that and this year we are seeing a growing number of financial institutions agreeing. If you manage a portfolio, you should at least be aware of the reasons some money managers are buying Bitcoin, even if ultimately you decide it is not for you. Bitcoin hit £30,000 per coin earlier this year and although it has dipped in value since, it has not taken a nosedive in the way it did after the last high in early 2017.  The safe have...

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

Join now

 

Already an Investment Week
member?

Login

More on Alternatives

FCA's Rathi calls for new approach to UK private markets to boost competition

FCA's Rathi calls for new approach to UK private markets to boost competition

Investment Association annual dinner

Sorin-Andrei Dojan
clock 30 October 2024 • 2 min read
Carr Consulting's Matthew Morris: Bitcoin's El Salvador evolution

Carr Consulting's Matthew Morris: Bitcoin's El Salvador evolution

In 2021, El Salvador became the first country in the world to adopt bitcoin as legal tender, alongside the US dollar.

Matthew Morris
clock 14 October 2024 • 3 min read
City moguls warn government against scrapping tax breaks on AIM stocks

City moguls warn government against scrapping tax breaks on AIM stocks

Ahead of Autumn Budget

Linus Uhlig
clock 25 September 2024 • 2 min read
Trustpilot