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Philip Baker

Bitcoin is now the greatest bubble of all time

Philip BakerAssociate Editor

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If trading in Crypto Company or LongFin Corporation is any guide, the road to riches these days is as simple as adding the words blockchain and bitcoin to whatever a company does.

Shares in US based LongFin, which listed on the Nasdaq only a week ago, were up as much as 2000 per cent at one point after it said it was buying Ziddu.com, a small lending company with no revenue but one that claims to use the same blockchain technology as bitcoin.

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Philip Baker writes on markets specialising in bonds, equity markets and currencies. Based in our Sydney newsroom, Phil is a markets columnist. Connect with Philip on Twitter. Email Philip at pbaker@fairfaxmedia.com.au

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    Original URL: https://www.afr.com/markets/equity-markets/bitcoin-is-now-the-greatest-bubble-of-all-time-20171220-h07om1