Frequently Asked Questions

Following bitcoin’s introduction to the world, parallels have been drawn to the discovery of oil, gold, the internet and even energy.

Such comparisons are made because bitcoin supply is finite – the supply is limited by the protocol to 21 million. In addition, every new bitcoin mined effectively becomes more expensive to produce, driven by not only the algorithm but also rising computing and energy costs.

Following economic theorem this should make existing bitcoin more valuable.

Physical bitcoins make investment in bitcoin available to anyone, by providing a ‘pre-loaded’ wallet in the form of a coin. This means you don’t need any technical knowhow to own bitcoins.

Physical bitcoins are also the safest way to hold bitcoins, a form of cold storage (ie offline). This means they cannot be compromised remotely.

Physical bitcoins make investment in bitcoin available to anyone, by providing a ‘pre-loaded’ wallet in the form of a coin. This means you don’t need any technical knowhow to own bitcoins.

Physical bitcoins are also the safest way to hold bitcoins, a form of cold storage (ie offline). This means they cannot be compromised remotely.

Despite price volatility, bitcoins are becoming increasingly accepted as the standard digital currency and perhaps the ultimate ‘store of value’. The number of online and offline service and retail outlets accepting bitcoins continues to grow every day.

Bitcoins, like any new financial instrument, carry high risks, and should not repesent more than a fraction of your portfolio, regardless of how they are held.

The bitcoin price (market value) is likely to remain volatile and its future level cannot be guaranteed.

Fears over potential use for crime are equally unjustifiable. The Silk Road saga and ongoing investigations into tracing possible scams and thefts furthermore prove that bitcoins are far more traceable than cash, gold, high value gems, art or bank transactions. Can a bank trace the source of wealth back to the moment in history those funds were created?

Fears over bitcoin’s current use for money-laundering are unjustifiable. If every bitcoin in existence was used for money laundering it would still be a fraction of that proven to have been laundered by several global banks in recent years.