Billionaire investor and Platinum founder Kerr Neilson is examining cryptocurrencies and – while he does not endorse any specific coin or token – the global equities trailblazer says that if an elegant storage solution presented itself, “God knows what would happen”.

“There’s a discipline behind this,” Mr Neilson said. “It’s not merely folk trying to create the illusions from which they profit, and I think that would be the easy dismissal where you say, ‘It’s all just nonsense.’ What helps put it in more perspective is if you think of what money is – it’s simply an exchange mechanism.”