What have I started ? I only briefly mentioned bitcoins a few days ago in my last blog and now it is all over the front page of The Times. What’s more, people have been speculating on this new currency all over the globe. I may have become the new portal for investment advice. Before you know it I will probably have my own TV show ! “From rags to riches in two nano-seconds”.
When bitcoins started long ago in 2008, by a nodding Japanese digital acquaintance – Satoshi Nakamoto, nobody much new what they were. Almost ten years later they still don’t. Only a few techie geeks like me realised their potential. Five years ago you could buy one for £1,000, now a single bitcoin will cost you £20,000. Well done Sato old mate !
I bought a load of tulips a few months ago but they have peaked in value in 1637 and I think I missed the financial boat. So I will just have to plant them in the garden and enjoy them in the spring. My next wild hope was gold, but after a lot of digging in the back garden I haven’t found another Klondike in Kilsby. Like thousands of other speculators I may have to fall back on my premium bonds to fund my retirement. Unfortunately I don’t think £25 will cover me for more than five minutes in a nursing home.
That brings me full circle to the bitcoin revolution. Like tulips and gold they were worth nothing when they started. Then I began to write about them and BINGO, Bobs your uncle and Pop goes the weasel. Everyone’s buying them —- tax dodgers, criminals, drug dealers, Russian oligarchs and other nice people. Even the big banks are considering on cashing in.
At least now I won’t need to keep all my money under the matress anymore. I will be able to hide my lifes savings in the cumulo nimbus, just as long as it doesn’t rain bitcoins
I maybe about to become a global investor ikon 😎😎😎. Who would have thought — me, Warren Buffet, George Soros and Satoshi.