THE very mention of Bitcoin (pic) evokes a mixture of feelings among the population; never has there been a currency with such polarising effects. Thomas Carper, a US State Senator hit the nail on the head when he said: “Virtual currencies, perhaps most notably bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.”
Just a few days ago, it came to my attention that a group of young employees from a tech company were raving about Bitcoin, touting it as “the next big thing” and a once-in-a-lifetime opportunity which should not be missed. Suffice to say, they are not the only ones who are eager to pump their life savings into another investment fad.