Bitcoin may be a bubble, but blockchain is not
Bitcoin may be 'the very definition of a bubble' and even 'a fraud', but its underlying technology blockchain holds the promises processing transactions of various kinds more efficiently than today
An influential new recruit has joined the chorus of bitcoin sceptics. The chief investment officer of UBS Plc, the world’s biggest wealth manager, says it’s too risky to be added to the firm’s portfolios—and his assessment is relatively mild. Others have called it “the very definition of a bubble" and even “a fraud".