The Editor 

Bubble trouble

The Editor

Bubble trouble

You will not be surprised to hear that our Bitcoin article last week divided opinion – between those who see it as key to rebuilding our broken financial system and those who just see a bubble. In the absence of any credible way to value it, I’d plump for the latter right now, even though I do share the concern of Bitcoin advocates over central bank debasement of fiat money. I’ll stick with the tried-and-tested hedge of physical gold, though; Bitcoin just looks too expensive as an insurance policy against a relatively long-term risk.

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