The Bitcoin Craze
The case for it: Bitcoin rocketed by more than 1,800 per cent last year. Let that sink in. (If you need more convincing that this is now massive, you should know that the world’s first cryptocurrency pop group just popped up in Japan. Oh, and a few days back, KFC started selling chicken for Bitcoin).
The gains of this hot new investment product are quite dumbfounding (someone predicted a Bitcoin could reach over Dh360,000 by next year from about Dh44,000 now, which seems a bit farfetched at the moment, but this currency has had more ups and downs than a Snakes and Ladders game, so who knows). Those once sceptical are now getting on board.
The book you need: Fuzzy on what’s what when it comes to cryptocurrencies? Feel like you’re swimming in a gigantic ocean of unknown? Did you know that you could buy a quarter or a fraction per cent of a Bitcoin?
You need to buy the Cryptocurrency Beginners Bible to help you cut through all the jargon. From how to earn and invest, to information on whether the Bitcoin ship has sailed, this book separates the hype from the real numbers. It will give you enough information to make your own decision after, weighing up the risks. You’ll be able to tell if it’s a bubble or a breakthrough.