Bitcoin is the world’s most popular digital currency. having drawn millions of investors across the world, its value rocketed to nearly us$20,000 at the end of 2017, although its value has since dropped dramatically to c.$7,000 (at the time of writing in April 2018).
Bitcoin is the best known of the 1,800-odd cryptocurrencies.
Its meteoric rise has drawn many investors, with some believing that the underlying blockchain technology (blockchain is a digital ledger in which transactions made in cryptocurrencies are recorded chronologically and publicly) could become one of the most powerful tools ever given to civilisation. But do investors understand the risks and does the underlying technology even matter ?
The following article written by Michel Perera CIO of CGWM outlines their views.