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Bitcoins: Only up from here, or just another wave?

17 August 2017 7:56 PM

Find out how the cryptic currency managed to gain so much momentum so relatively fast and kick yourself for missing out.

At about 64 Thousand rand a unit, the bitcoin has taken business by storm. The Money Show's Bruce Whitfield interviewed RMB's Farzam Ehsani on the rise of the cryptic currency and whether it is here to stay.

"There are thousands of cryptic currencies and right now they are valued collectively today at about $140 Billion US Dollars and the bitcoin accounts for about 60% of that."

Farzam Ehsani, Head of The Blockchain initiative at RMB

"Given that it is scarce, many people think that it is very cheap at the moment and it will only sky rocket going forward."

Farzam Ehsani, Head of The Blockchain initiative at RMB

"this is not something that people just think is cool, people realize that this is a disruptive technology"

Farzam Ehsani, Head of The Blockchain initiative at RMB

"The idea of having something scarce but also with utility is very important"

Farzam Ehsani, Head of The Blockchain initiative at RMB

Take a listen to the interview below:

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17 August 2017 7:56 PM