How would you feel about paying A$630 million for a couple of pizzas?
Or losing a hard drive with the key to A$470 millions’ worth of cryptocurrency on it?
With astronomical figures such as these thrown around, it’s no wonder Bitcoin grabs headlines.
Add in the world’s most controversial entrepreneur Elon Musk buying US$1.5 billions’ worth of the stuff and you’ve got some serious entertainment value.
But with every conman and his dog flooding our inboxes with ways to ‘make tens of thousands of dollars a day through crypto’, it’s fair to respond to this financial innovation with scepticism.
Before you can cut through the hype - and the FOMO - to decide if crypto is for you or not, it’s important to understand a few things, specifically:
Bitcoin and blockchain are often conflated. They are not the same thing.
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