Rupert Carlyon is the managing director and founder of kōura Wealth Limited,manager of the kōura Wealth KiwiSaver scheme that has launched New Zealand’s only cryptocurrency KiwiSaver fund.
OPINION: Cryptocurrencies are a hotly debated topic.
The problem with cryptocurrencies is that everyone seems to have a pretty extreme view; you are either a crypto sceptic, or a crypto believer, and there are not many sources of information that fall in the middle.
Warren Buffett, arguably the world’s most famous investor, has said that he would not purchase all of the bitcoin in the world for US$25 (NZ$40), due to the fact that they do not produce anything. His business has gone even further and refers to cryptocurrencies as “rat poison”.
There has been a recent spate of articles talking about how Blockchain is a failed technology – alongside pieces that say true believers of crypto’s mission are holding on even though the market has crashed.
This is similar to many new technologies that appear to change the status quo and more often than not, the naysayers are people that have not yet done the research to fully understand the potential of these new technologies.
Back in 2005, no one would have thought that Google would dominate the internet with their search engine, or that an Apple iPhone launched in 2007 would change computing and how we communicate.
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Rupert Carlyon says people tend to take an extreme view on cryptocurrencies.
One of the most common
