Bitcoin on trial: Is the cryptocurrency a wise investment or a fraud?

As the US Department of Justice launches a formal investigation into price-fixing and other misbehaviour in the global cryptocurrency markets, many in the City are convinced the whole industry is a fraud on a gullible public.  We asked one such critic — the hedge fund tycoon Davide Serra of Algebris Investments — to name his killer arguments against bitcoin, and pit them against the Evening Standard’s resident bitcoin enthusiast Jay Smith, The Bitcoin Guy

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