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"It is not a perfect measure, but it suggests residential property investor activity could have halved over the last decade."

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Opinion: Behind the madness on

Opinion: Behind the madness on the markets

26th Sep 08, 10:39am

by Neville Bennett

Opinion: Behind the madness on the markets

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Bitcoin, the digital “currency” isn’t really a currency. That is, it can’t be used as a medium of exchange - there are very few things you can buy directly with Bitcoin - and it isn’t a stable store of value with reasonably predictable future purchasing power. So it’s basically useless - as JPMorgan Chase's Jamie Dimon says, it’s a pet rock.

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