Could 'greed factor' be setting investors up for a cryptocurrency fall?

Katrina Lloyd
clock • 2 min read

The rise of bitcoin and other cryptocurrencies is undoubtedly a source of endless fascination for investors; even those who say they would not currently touch related products with a barge pole.

It is not surprising they are sitting up and taking notice as bitcoin prices, for example, have soared from $952 at the end of 2016 to break through the $8,000 barrier this month. Prices are notoriously volatile, as witnessed by a significant sell-off recently, but this is clearly part of the attraction for circling speculators. But what of ordinary investors who want a piece of the action? Demand is clearly rising as recent figures show gold trading among private investors fell by 31.5% in October compared to the same time last year, while Google searches to 'buy bitcoin' overtook...

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