Magazine Issues » Dec 2017-Jan 2018

EDITORIAL: Anybody’s guess

Nick-FitzpatrickIf bitcoin has crashed by the time you read this magazine, it means our cover story is largely redundant and I apologise…

When we put the article on page a few days ago, bitcoin was worth $14,000 – but we had to update the figure daily as the price climbed. This morning (December 8) we read that the cryptocurrency had crossed $17,000 overnight before falling back to around $16,000.

As an investable instrument, bitcoin is still in the Wild West, but it is grabbing the attention of investors in the regulated world. A mainstream fund manager recently launched the first bitcoin fund in Europe and some argue that cryptocurrencies would make good portfolio diversifiers.

Not only that, but tech developers are moving closer to incorporating the blockchain technology behind bitcoin into fund processes.

You can read all about this in our cover story. But let me emphasise: whatever value for bitcoin you see in our magazine today, it was correct at the time of writing!

Nick Fitzpatrick, group editor, Funds Europe

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