Editor’s letter | Who’s afraid of bitcoin?
It wasn’t so long ago that only the most committed bores spoke of money in abstract terms: money as a mere ‘concept’ (the rest of us got on with earning it). Today, that’s not the case. Thanks to bitcoin, everybody seems to have accepted money really is just an idea, one that in its current, government-controlled form might be due an upgrade. Last year, bitcoin came — seemingly out of nowhere — to dominate financial news for what felt like months, forcing a re-evaluation of traditional notions of value and currency. The world watched as the price of a single bitcoin tore ever upwards, hitting a peak in December of £14,354.