Blacktower sponsored NORCECA beach volleyball tournament

How / why did you get into your line of work in the financial services sector?

In 1988 a financial adviser from Refuge Assurance encouraged me to start saving money as I had just begun a new job. I said I would like to do what he was doing, so he got me an interview and 34 years later here I am still doing the same thing – helping people with their money.

A luxury property in the Canary Islands is up for sale. No, this doesn’t sound like news, but there’s an important and unusual detail: the five-bedroom villa in the lofty hills of La Caleta, Tenerife, is being sold for 525 Bitcoins (approximately €3.2 million).

But why would someone exchange a near 2,700 square metre plot, comprised of house, swimming pool, gardens, Atlantic views and palm-lined outdoor eating area, for a “virtual currency”?

We have long been told that Bitcoin is a bubble that’s going to burst, so surely exchanging such a valuable asset for an unstable and unregulated “pseudo currency” is financial madness of the most extreme kind. There are certainly detractors of the currency, such as Warren Buffet, who would argue this point. Perhaps the vendor’s expat financial advisers in the Canary Islands should reach straight for the phone to dissuade him from such a move?