An economist has slammed bitcoin and other cryptocurrencies as “the mother of all scams”. Bitcoin has lost about two thirds of its value since peaking at $US20,000 in December, with the digital currency hovering around $US6000 for most of 2018. Many people scammed into thinking they were going to make money now part of a potential financial crisis.

https://www.news.com.au/finance/money/investing/economist-slams-bitcoin-as-mother-of-all-scams/news-story/de550db47aa49fd7d58adfa0da18bfc6