Bitcoin has had a great year in terms of performance and institutional adoption. Yet there are still a lot of common myths/misconceptions people have about the crypto currency. These include things like “Bitcoin is a bubble”, “it has no intrisic value” or “governments will ban it”. I initially covered Bitcoin in an article in autumn 2017, and was neutral-to-mildly-bearish for the intermediate term, and took no position. The technology was well-conceived, but I had concerns about euphoric sentiment and market dilution. I neither claimed that it had to go lower, nor viewed it bullishly, and merely stepped aside to keep…
