A global currency is coming, whether you like it or not

Continuing yesterday’s discussions about a big bank’s conference, I was intrigued at how often the subject of cryptocurrencies and bitcoin came up. But there again, it’s a topical thing at the moment with the price of bitcoins surging past the $4,000 mark and Goldman Sachs going against JP Morgan, and saying that they might even trade in it.The conversation at this particular large bank’s meeting went along the lines of bitcoin being a broken model, it’s a bubble and you should definitely not invest in it. The reason for not investing is based upon two major factors.