Big investors are prepared to pay so far over the odds so that they can avoid a lot of ‘crypto headaches’ that come from owning cryptocurrency directly. For them even with the inflated costs, many have deemed it an acceptable risk.
Can you see the irony here? A competing stock exchange with its stock listed on its competitor’s stock exchange. That’s the situation with the National Stock Exchange of Australia (NSX).
The bad news is that if you still don’t own bitcoin, you’ve missed some of the biggest returns on an asset class in the history of everything. Sorry. That’s just the lay of the land. That’s not to say the ride is over for bitcoin.
Before anyone starts on their journey into the crypto world, I tell them to clue up on the basics. To understand why it exists, where it comes from, what impact it had (has and will have) on the world. But to find the right information is hard.
Right now, we’re in stage one of a global banking shake-up. It’s marked by smartphone banks and tech-led specialists targeting specific banking niches like insurance and wealth management.
If you’re smart you might’ve realised that money doesn’t just go into super, it also comes out. And this fact throws up a very interesting future scenario… You see, when you retire you take money out of super. It’s known as the pension phase.
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