Christmas Features 2017 

2017: a year in charts

2017: a year in charts

Ten years ago it didn’t exist. In 2017 it became the world’s most talked about financial instrument. Bitcoin’s rise from $960 (£720.13) at the start of the year to $16,500 as we hit the press has all the hallmarks of an investment mania – critics suggest that with no asset backing Bitcoin is simply attracting speculators betting on a higher price, the greater fool theory in crystal clarity. But no amount of negative commentary has dissuaded Bitcoin’s advocates, who argue that crypto-currencies represent a paradigm shift, and in particular the blockchain technology that underpins it. That may ultimately prove to be the case, but it does not follow that the current crop of crypto-currencies will be the eventual winner.  

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