Nic Cicutti: Waiting for crypto to bite the true believers
Over many years of working as a financial writer, the one lesson I’ve learned is never to tout any investment as the best thing since sliced bread. It will only come back to bite you on the bum.
I wonder of the same applies in reverse, for example to those of us who from time to time warn about the dangers of investing in cryptocurrencies – and then watch from the sidelines as they continue to rise exponentially in value, albeit with occasional reversals.
The question is worth asking, if only because in the past six weeks or so the value of a single Bitcoin has plummeted from a high of more than £92,000 to “just” £69,000 at the time of writing this column.
Four years ago, the last…
