By John Miller
Friday the 3rd of November, 2017
A couple of months ago me and my Dad got to talking, and Bitcoin entered the conversation.
“Hey, have you ever heard of Bitcoin, son?” he asked.
“Yeah, I think it’s something kids on the Internet use to buy drugs with,” I replied.
We moved on to more edifying topics, but afterwards I got to thinking. Why would my old dad bring up Bitcoin? Was he developing a taste for illicit drugs in his old age?
The following day I did a little research. Apparently the crypto currencies, as Bitcoin and its many imitators are called, are the hip new investments amongst millennials.
Seemed like a scam, but I decided to conduct a little experiment, and invest $125 every fortnight over two months into Bitcoin.
So here we are, and my $500 is now worth a totally bananas $852.91.
Scam? Bubble? You be the judge, but this week I just kicked in another $200.
Disclaimer: the author is invested in Bitcoin to the extent of $1052.91, and may therefore be biased.