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Bitcoin – The Non-Systemic Asset

By 2020, Global assets under management (i.e. directly within the financial system) will exceed $102 Trillion.  Roughly one third of this figure will be pension funds alone. As illustrated in 2008/09, the financial system is intertwined with such complexity that knock on effects are nearly impossible to predict.  Movements in ‘fair value’ of assets can swing with […]

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Why Bitcoin’s Illicit Image is Temporary

Until fairly recently, most media attention on Bitcoin has centered around its use on the Dark Web, thefts/hacking/blackmail and generally painted a picture that it is somehow in itself illicit and ‘dirty money’.  Many well-educated people still believe those interested in Bitcoin must be involved in something of questionable morality. Last week I was in […]

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Bitcoin: We Are Here

This all feels so familiar. A new technology, huge media attention, hysteria … followed by a price collapse and the majority saying ‘this is the end’. Let us consider Amazon. Floated in 1997 at ~$2. One year later, the price peaked at nearly $17. Even with stock splits, Amazon’s price per share reached a peak […]

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What is the *real* price of Bitcoin?

Bitcoin, the world’s largest ‘virtual’ currency has been getting an increasing amount of media attention in the past year. Thousands of individuals and businesses are rushing in to try and take advantage of the new opportunities created by Bitcoin’s unique appeal. In recent days, the value of Bitcoin has begun soaring again, making the global […]

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