Skeptics say the cryptocurrency could crash, walloping investors, while believers say it signals a sea change
Oliver Dobson lives in a town outside of Canada’s financial nerve centre, a nearly three-hour drive from Toronto. How he earns his living is worlds apart from the traditional business of Bay Street.
For the past few years, Dobson has been trading in cryptocurrencies, stockpiling a horde of digital coins that have suddenly skyrocketed in price. In the real world, he lives off of cash savings, but on the Internet, he works in myriad ways to harvest these tokens.
He considers it his full-time job.
“I’m very frugal with my money,” Dobson said. “I focus my time stocking up on these coins, so that when they explode [in price], I can take advantage of it.”