The value of the virtual currency Bitcoin has more than doubled since the beginning of 2017.
It recently broke through the psychologically significant $2000 mark, setting a new record.
A regular listener of Bruce Whitfield’s The Money Show sent in the following question:
- Is my mom missing out on Bitcoin?
Whitfield put the question to famed tech commentator Simon Dingle.
Listen to Dingle’s answer in the audio below (and/or scroll down for quotes from it).
The price just hit $2700!— Simon Dingle
Hype is the right way to coin it, so to speak.— Simon Dingle
When others are greedy; it’s time to be fearful.— Simon Dingle
The tulip analogy is not fair when it comes to Bitcoin… Bitcoin is possibly a more important invention than the internet itself.— Simon Dingle
Bitcoin will continue to rise in the next couple of weeks.— Simon Dingle
Bitcoin has been the top performing currency in the last couple of years.— Simon Dingle
Extremists see Bitcoin as the base currency! They say the dollar has been very volatile in relation to Bitcoin.— Simon Dingle
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