Bitcoin: gamble or gold mine?

Bitcoin: gamble or gold mine?

The price has gone through the roof this year to exceed $6,000, but is Bitcoin really a good place to park some cash? Of course, Bitcoin has no shortage of detractors. Jamie Dimon, who for 10 years has headed JPMorgan, the largest US bank by assets, is one of the more vocal opponents, saying investors in cryptocurrencies are “stupid”. Brazil’s central bank chief, Ilan Goldfajn, is another, recently calling it a pyramid scheme. Jordan Belfort, the penny stocks trader immortalised as the Wolf of Wall Street, says it’s the “biggest scam ever”; and he should know a thing or two about those.

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