38 min
What burst the bitcoin bubble and could it rise again? This is Money Podcast
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- Business
A year ago bitcoin could do no wrong – now it has slumped to 79 per cent below its peak.
So what went wrong for the much vaunted cryptocurrency?
The mania of a year ago gave way to a bust after Christmas and apart from a few short-lived rallies bitcoin has been mainly on the slide since.
That’s not to say it has no use - the cryptocurrency and underlying technology are fascinating - but just because something has some value does not mean it can’t end up in a bubble.
On this week’s podcast, Simon Lambert, Georgie Frost and Myron Jobson look at what went wrong for bitcoin and the other cryptocurrencies and what we can learn from the boom and bust.
Also on this week’s show, they look at some more durable investments, companies that have paid a rising dividend for a decade or longer – and how some have seen big rises in their share price.
The potential return of 100 per cent mortgages and the sudden flurry of better savings rates are also on the agenda.
And finally, Simon talks us through the 2,100 road trip he took with his family to test out VW’s California campervan – and whether swapping your family car for a van that’s ready for adventure could ever be a smart move?
A year ago bitcoin could do no wrong – now it has slumped to 79 per cent below its peak.
So what went wrong for the much vaunted cryptocurrency?
The mania of a year ago gave way to a bust after Christmas and apart from a few short-lived rallies bitcoin has been mainly on the slide since.
That’s not to say it has no use - the cryptocurrency and underlying technology are fascinating - but just because something has some value does not mean it can’t end up in a bubble.
On this week’s podcast, Simon Lambert, Georgie Frost and Myron Jobson look at what went wrong for bitcoin and the other cryptocurrencies and what we can learn from the boom and bust.
Also on this week’s show, they look at some more durable investments, companies that have paid a rising dividend for a decade or longer – and how some have seen big rises in their share price.
The potential return of 100 per cent mortgages and the sudden flurry of better savings rates are also on the agenda.
And finally, Simon talks us through the 2,100 road trip he took with his family to test out VW’s California campervan – and whether swapping your family car for a van that’s ready for adventure could ever be a smart move?
38 min