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Bitcoin: bubble or true benefit for society?

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Mike Caldwell, a 35-year-old software engineer, holds a 25 Bitcoin token at his shop. (Rick Bowmer, AP, file)
Mike Caldwell, a 35-year-old software engineer, holds a 25 Bitcoin token at his shop. (Rick Bowmer, AP, file)

Cape Town - Bitcoin’s investment returns are attracting significant interest from retail investors. However, some caution is merited, says Overberg Asset Managers in its weekly economic overview.

Quoting German financial journalist Clemens Schmale, who posed the question: “Bitcoin: Die mutter aller blasen? (Bitcoin: the mother of all bubbles?)", OAM says bubbles are common to financial markets.

It lists the Tulip speculative bubble of the 1630s, the South Sea Company's share plunge of the 1720s and more recently, and closer to home, the coloured game bubble of 2014. 

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