Why it’s a matter of time before Bitcoin collapses

The current market capitalisation of Bitcoin is eight times that of all firms listed on the Nairobi bourse. FILE PHOTO | NMG

As a follow-up to my last week’s article, ‘‘Clear tell tales of Ponzi scheme in the making’’, I would like to end the series with a few thoughts on the asset-in-question: Bitcoin. No doubt, this red-hot currency is exploding.

Over the weekend, the total market capitalisation for all cryptocurrencies exceeded Sh30 trillion for the first time.

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Note: The results are not exact but very close to the actual.