You don’t have to be Pythagoras to understand this simple maths calculation: Ten years ago, if you’d bought one bitcoin for one dollar and kept it, it would now be worth $70,000. It’s a massive return on investment. Of course, back in 2011, buying highly speculative and volatile cryptocurrencies was an enormous gamble. But as Tom Steinfort reports, that’s no longer the case. Huge financial institutions like Visa and Mastercard, and even celebrated investors like Elon Musk, are now on board, giving legitimacy to the once-derided cryptocurrency sector. In turn that’s encouraged the tech-boffins to invent even more “out there” ways to make a buck.
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For forty years, 60 Minutes have been telling Australians the world’s greatest stories. Tales that changed history, our nation and our lives. Reporters Liz Hayes, Tom Steinfort, Tara Brown, Liam Bartlett and Sarah Abo look past the headlines because there is always a bigger picture. Sundays are for 60 Minutes.