Bitcoin, the cryptocurrency everyone is talking about, has seen spectacular price rises in recent months, with huge numbers of people keen to make a quick buck off the back of its soaring value.
Google queries for "buy bitcoin" now surpass "buy gold" as the currency's price has surged from under $1,000 (£742) at the start of 2017 to almost $20,000 in December.
Both armchair and professional investors were shaken when the currency took a sudden dive just before Christmas, dropping almost 30 per cent from its dramatic highs of nearly $20,000. However, as of December 28, it appeared to be stabilising. It has since tumbled to trade at around $16,000.
Few can predict with any certainty where Bitcoin will go from here and many believe we're in the middle of a bubble - but one thing's certain: if you'd invested five years ago you'd be doing very well for yourself now.
There are two main ways to...
Start your free trial of Premium
- Access all Premium articles
- Subscriber-only events
- Cancel any time