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Beware of the Crypto currency hype
Companies are trying to jump on new opportunities created by crypto currencies and the technology that drives them. Investors need to take care.
“Those who cannot remember the past are condemned to repeat it”, as the philosopher George Santayana famously wrote. What is happening in markets today is a stark reminder of the dot-com days at the end of the last millennium, when company valuations rocketed at the mere mention of internet-related buzz words. Fortunes were made and lost in relative short periods of time. Today, the zeitgeisty phrases relate to crypto currencies and the technology that powers these anonymous new coins – block chain. Once again, it is time for investors to keep their heads and be cautious about promises that seem too good to be true.