Not since the dotcom bubble at the turn of the millennium, when business plans that would have been laughed out a bank manager’s office floated with multimillion pound valuations, has there been such temptation as there is around Bitcoin.
The virtual currency went up 5,580 per cent in price last year, which rather puts 30 per cent equity market returns in their place.
Fred Wilson, one of the most respected venture capitalists in New York, says he has not seen a technology with this much potential since the invention of the internet.
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