Search
Home

Bitcoin ‘fascinating’ because perception of risk and the economy is changing, fund manager says

Eric Lonergan

Bitcoin ‘fascinating’ because of risk-taking, fund manager says from CNBC.

Bitcoin ‘fascinating’ because perception of risk and the economy is changing, fund manager says

M&G Eric Lonergan said that the bitcoin phenomenon was “fascinating” as it demonstrates a new kind of risk perception among consumers.
Bitcoin prices rose more than 1,200 percent over the course of 2017 but have fallen steeply since a peak of $19,343.04 in December, according to Coindesk data.

About The Author

Eric Lonergan is a macro hedge fund manager, economist, and writer. His most recent book is Supercharge Me, co-authored with Corinne Sawers. He is also author of the international bestseller, Angrynomics, co-written with Mark Blyth, and published by Agenda. It was listed on the Financial Times must reads for Summer 2020. Prior to Angrynomics, he has written Money (2nd ed) published by Routledge. He has written for Foreign Affairs, The Financial Times, and The Economist. He also advises governments and policymakers. He first advocated expanding the tools of central banks to including cash transfers to households in the Financial Times in 2002. In December 2008, he advocated the policy as the most efficient way out of recession post-financial crisis, contributing to a growing debate over the need for ‘helicopter money’.