Businesswoman's faith in Bitcoin

Baroness Mone on £250m Dubai project

Bitcoin is the future.

That's the belief of Manx-based businesswoman, Baroness Michelle Mone.

The former model and founder of lingerie brand Ultimo hit the headlines yesterday, after her announcement of a £250 million investment in Dubai property - where apartments will be bought using the crypto-currency.

The venture is being jointly run with her partner Doug Barrowman and his company Knox House Group.

Two residential towers and a shopping mall in Dubai will be built by 2019.

Baroness Mone told Manx Radio why she thinks bitcoin is important as a currency.

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