Bitcoin managed to set a new price record on Sunday, briefly hitting $US11,826 ($15,569) per coin. And governments around the world are taking note of the boom in divergent ways. In the European Union, a new plan is expected to regulate cryptocurrencies under the same anti-money laundering laws as fiat money. It's expected to take effect sometime next year.
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On Wednesday, auction records were shattered when an anonymous buyer spent $US450.3 million ($593.6 million) to be the proud owner of a "long lost" painting "by" Leonardo da Vinci. The thing is, it may not have even been painted by Leonardo, it's in terrible shape, it isn't especially good, and in the financial world of art, none of that matters.
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.