by In an article for the Guardian, published on Saturday, 27 January, 2018, PRIME's director drew a parallel between the Bitcoin bubble and the inflated London property market. She argued that "vast sums of money have been poured into finite supplies of bitcoins and London property. Both have consequently exploded in value, albeit over different time periods. And so both have become financialised assets that deliver capital gains far in excess of people’s ability to earn income from work, or from investment in the real economy. And as with bitcoin, so with London property: speculators are convinced that prices will continue to rise for ever."The full article can be found on the Guardian's website by following this link.
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In an article for the Guardian, published on Saturday, 27 January, 2018, PRIME's director drew a parallel between the Bitcoin bubble and the inflated London property market. She argued that "vast sums of money have been poured into finite supplies of bitcoins and London property. Both have consequently exploded in value, albeit over different time periods. And so both have become financialised assets that deliver capital gains far in excess of people’s ability to earn income from work, or from investment in the real economy. And as with bitcoin, so with London property: speculators are convinced that prices will continue to rise for ever."
The full article can be found on the Guardian's website by following this link.