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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