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© Gao Yuwen/VCG via Getty Images Quick reminder – Merryn will be interviewing Charles Plowden of Baillie Gifford on Thursday. If you haven’t already registered to watch it, make sure you don’t miss out! Back to this morning – I saw a very striking chart on Twitter the other day. Dylan Grice of Calderwood Capital (an occasional MoneyWeek contributor) noted that electric car-maker Tesla is now valued at roughly the same amount as the entire S&P 500 oil sector. “The equity market seems to be saying that oil has no future, and that energy transition is basically here. I feel like that...

Breakingviews 7 Min Read LONDON (Reuters Breakingviews) - Three years ago, this column suggested that bitcoin, whose price soared 15-fold during 2017, faced a total wipeout. The cryptocurrency wasn’t money, but instead resembled the gold prospector’s fabled sardine tin: “good for trading but not for eating.” It was a timely call: over the following months, bitcoin shed more than two-thirds of its value. But now the crypto is back from the dead and trading at around twice its peak. Was my earlier bitcoin judgement wrong? A representation of virtual currency Bitcoin is seen in front of ...