Whatever happened to bitcoin?

Jun 08, 2018, 04:33 PM

Whatever happened to bitcoin? After the mania at the end of last year when the price spiked to almost $20,000, the cryptocurrency took a tumble but more noticeably attention has drained away.

You need no greater sign of that than figures showing bitcoin Google searches are down 90 per cent.

That adds weight to the argument that much of the late 2017 big leg-up was driven by mainstream punters jumping on the cryptocurrency bandwagon.

So with bitcoin largely out of the headlines, is that it for the cryptocurrency or is it time to buy for the long-term when things are quiet.

On this week’s podcast we take a look at who’s buying, who’s holding and who might be waiting for the price to rise again and greater fool theory to deliver someone who will take their bitcoin off their hands.

Simon Lambert, Lee Boyce and Georgie Frost also take a look at gold – and why people aren’t buying this traditional form of investment portfolio insurance – and the most consistent investment trusts of the past decade.

And finally, the Government’s policy currently appears to be to confuse motorists as much as possible, with new MOT rules recently joining the car tax muddle. Are drivers now being held to ransom by mechanics over ‘dangerous’ faults – surely no garage would do that?