A Bitcoin tale of woe

I bought Bitcoin in 2013. I was sixteen years old, and if I remember correctly, one Bitcoin was around £100 (it could’ve been anywhere between £30 and £150, but I remember it being around a hundred quid). I liked the idea of a universal currency, although I didn’t understand it (honestly, I still don’t). I went a few times to a coffee shop in Shoreditch, where I could buy a flat white for a fraction of a bitcoin. I estimate that the amount I paid for each flat white would be worth about £600 today. Those who claim that young people are throwing away deposit money on third wave coffee and avocado toast were, in my case, correct. I would guess I spent about £30,000 worth of Bitcoin on brunch. 

I met a guy who was at university doing his dissertation on the sort of people who buy Bitcoin, who had posted to reddit asking to interview people who owned some Bitcoin. I think he was expecting (and hoping) to meet libertarians, and kept talking to me about how stupid Paul Krugman was. I was awa…