A: Thanks for the question.

 

To be honest, I don’t really have a good handle on what is driving the demand for Bitcoin (and hence the rapid appreciation in price), so I choose not to invest. I subscribe to the view that I don’t invest in things that that I don’t understand.

 

Interestingly, at our Listed Investment Conference in Sydney on Thursday, both Hamish Douglas (from Magellan) and Charlie Aitken were asked about investing in bitcoin. Both said they hadn’t and wouldn’t invest – with Charlie in particular seeing it as “bubble” and the current investor behavior as frenetic.

 

There are potentially  hundreds of crypto currencies – my advice, be careful.

 

regards