Asset Management

The reasons people give for buying bitcoin prove they have no idea what they’re doing

It’s OK to speculate with the cryptocurrency — but admit that’s the motive

The reasons people give for buying bitcoin prove they have no idea what they’re doing
Photo: iStockPhoto

Worried about the gigantic bitcoin mania? You should be.

As the speculative online “currency” surged again to a fresh record above $8,000, valuing all the bitcoins in the world above an eye-watering $130bn, a new survey revealed that most of the ordinary Americans playing the high-risk game have absolutely no idea what they are doing.

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