The price of bitcoin futures has surged after trading began on the CBOE exchange this week. Photo: Reuters The price of bitcoin futures has surged after trading began on the CBOE exchange this week. Photo: Reuters
The price of bitcoin futures has surged after trading began on the CBOE exchange this week. Photo: Reuters
Richard Harris
Opinion

Opinion

Macroscope by Richard Harris

Why bitcoin could trigger the next global financial crash

Cryptocurrencies like bitcoin are speculative derivatives with nothing to back them up, and that poses a danger to financial system

The price of bitcoin futures has surged after trading began on the CBOE exchange this week. Photo: Reuters The price of bitcoin futures has surged after trading began on the CBOE exchange this week. Photo: Reuters
The price of bitcoin futures has surged after trading began on the CBOE exchange this week. Photo: Reuters
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Richard Harris

Richard Harris

Richard has pioneered Asian investment management at senior levels for companies such as JP Morgan, Citi, BNY Mellon and several start-ups. He has 40 years of experience in a full range of investment and capital markets activities. He is CEO of Port Shelter Investment Management.