Bitcoin ‘fascinating’ because perception of risk and the economy is changing, fund manager says

Bitcoin ‘fascinating’ because of risk-taking, fund manager says from CNBC.

Bitcoin ‘fascinating’ because perception of risk and the economy is changing, fund manager says

M&G Eric Lonergan said that the bitcoin phenomenon was “fascinating” as it demonstrates a new kind of risk perception among consumers.
Bitcoin prices rose more than 1,200 percent over the course of 2017 but have fallen steeply since a peak of $19,343.04 in December, according to Coindesk data.

About The Author

Eric Lonergan is a macro fund manager, economist, and writer. His most recent book is Money (2nd ed) published by Routledge. He is also a supporter of Big Issue Invest (BII), the investment arm of The Big Issue, and is one of the initial limited partners in BII’s Social Enterprise Investment Fund LP. In a personal capacity, he makes direct investments in social enterprises. He also supports and advises The Empathy Museum.