I’ve been writing about cryptocurrency for my entire career. In that time, one point I’ve always stuck to is simple: don’t listen to me for investment advice. Today, I want to quantify why.
Bitcoin was created in 2009, while I was in my first year at university. As an economics student – and massive nerd – it sat squarely at the intersection of my interests. By my final year of uni in 2011, the original cryptocurrency was experiencing its first boom and bust cycle. It rose from a low of $0.30 to a high of $32.34 that summer, before crashing back down to less than $3 when Mt. Gox, the original bitcoin exchange, was hacked. (This will become a theme.)
That was also the year the Guardian first covered the currency, with Ruth Whippman warning: “Its critics in the political sphere fear that it could give rise to an online Wild West of gambling, prostitution and global bazaars for contraband.”
I was very much on the outside looking in, though. Not being a regular drug user (cf “massive...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...