He said: “The global market cap is over $600billion and we are kind of predicting that it will hit over a trillion at some point in 2018.
“There’s lots of new money pouring in, some of that money is very sophisticated, you’ve got money coming in from Wall Street, hedge funds managers and new crypto hedge funds actually forming.”
“So my general advice to people is: never invest in things you don’t understand and only put enough money into things that you’re not willing to lose.”
The cryptocurrency has sparked a series of warnings from central bankers, regulators and bank bosses.
“I couldn’t care less what bitcoin trades for, how it trades, why it trades, who trades it.
“If you are stupid enough to buy it, you will pay the price for it one day.”
A single bitcoin is valued at £12,219, according to Coin Desk on Thursday, December 21 at 1.47pm.Experts say this will be the biggest investment bubble since the US Stock Market crash of 1929.
