Shares 

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.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now