Martin Lewis's Bitcoin profile

First mentioned: 10/08/2021

Last mentioned: 10/08/2021

Total mentions: 1

Most mentions: 2021

Martin Lewis, an accomplished English financial journalist and broadcaster, is renowned for establishing the widely-used website moneysavingexpert.com, which he later sold for a substantial £87 million. Presently, he serves as a presenter on ITV's Good Morning Britain and This Morning. In addition to his television appearances, Lewis hosts his own show, The Martin Lewis Show.


Martin Lewis on Bitcoin

2021
10/08/2021

In 2021, during his live show, Lewis fielded questions about Bitcoin, which was approaching the £30,000 mark, marking a near-record high at the time. Following his responses to audience queries, he emphasized the importance of caution, advising individuals to invest only amounts they were prepared to part with. "Bitcoin is set up as a currency - a non-governmental currency - so you're meant to be able to spend it, but I'm presuming you're thinking of this not to spend but more as an investment, which is what most people are looking at. First of all, is it safe? some people have lost money in their wallets. Like gold it can be stolen, and cryptocurrency is a bit like an equivalent to gold as it's a store of value of what people are putting in. You have to be very careful."