MyMoney Online, The Personal Finance series with Warren Ingram

Are you missing out? Bitcoin (‘Zimbabwean dollar in reverse’) revisited…

Every time my hairdresser starts talking about the investment case for an asset class I know it’s time to get out.

Warren Ingram, Galileo Capital Financial Advisor

Every time someone wins the lotto, and I haven’t bought a ticket, I haven’t lost anything.

Warren Ingram, Galileo Capital Financial Advisor

Bitcoin was worth less than 10 US cents in 2010.

On Monday it broke through the $10 000 barrier.

It has since come down to $9481.

The Money Show’s Bruce Whitfield asked Galileo Capital Personal Financial Advisor Warren Ingram if he’s changed his mind at all about Bitcoin.

Back in June Ingram warned listeners to be careful before taking the plunge, as Bitcoin seemed to have all the characteristics of a classic financial bubble.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

Cryptocurrencies are going to be an extremely efficient way of transacting in the future.

Warren Ingram, Galileo Capital Financial Advisor

Everybody who is in is almost fundamentalist in their belief…

Warren Ingram, Galileo Capital Financial Advisor

It doesn’t pay interest… very similar to gold…

Warren Ingram, Galileo Capital Financial Advisor

All the Bitcoin fundamentalists are going to abuse us again.

Warren Ingram, Galileo Capital Financial Advisor

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This article first appeared on 702 : Are you missing out? Bitcoin (‘Zimbabwean dollar in reverse’) revisited…


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