Is cryptocurrency a new asset class?
David Thomson, chief investment officer at VWM Wealth, discusses cryptocurrency with The Herald:
“Although interest rates on cash have been low there has been a way to make good returns from cash in recent years – by investing in currencies. And the currency grabbing all the headlines recently has been cryptocurrency, particularly Bitcoin, which has been around for nearly ten years.
Bitcoin has captured the imagination because between July 19, 2010 and December 11, 2017 the price of each Bitcoin climbed more than 29 million per cent – pushing $1 to $292,494 – and spawned a deluge of rival digital currencies…”