Bitcoin investors should be wary
KOCHIE, from the (Sunrise) morning show, was educating us on bitcoin.
It’s the preferred currency of the drug cartels and money launderers.
Real estate properties have been selling for bitcoin and it should fit in well with the Australian banking system, which is to soon face a royal commission of inquiry.
Anyone investing money on digital currency should be warned that when their money disappears, there doesn’t seem to be any course for compensation as assets aren’t accessible should the site close down.
A serious trap for uninformed players. — Jay Naus