A few years ago, I wrote several stories about a Native American tribe which planned to stop relying on the dollar and use Bitcoin as their currency.

Now I’m kicking myself for bleating on about cryptocurrencies at length, but never actually buying any.

A £1,000 Bitcoin investment made in the middle of 2013 would now be worth more than £175,000 – which is about enough to get a deposit on a modest flat in London. But there are other ways to make a bit of money in the risky and volatile world of digital dosh and just as many ways of losing it all. People looking to replicate the success of the first Bitcoin investors are investigating ‘alt-coins’ including Ethereum, Litecoin and Ripple in the hope they can be bought cheaply now and sold for a much higher price at a later date.

Lily Allen missed the chance to become a billionaire after turning down a gig paid in Bitcoin back when the currency was worthless (Credit: Getty)

READ MORE

Oliver Isaacs, an entrepreneur and tech investor, made early investments in all these cryptocurrencies.

 

Translate »
%d bloggers like this: