When Bitcoin was in bubble territory at the beginning of the year, we at Biznews pointed out that booms are usually followed by busts. But the whole point of irrational exuberance is that it is irrational and despite all the warnings, Bitcoin found plenty of investors during the bubble months.
Not long ago, a reader wrote to a member of our Biznews team asking the best way to invest in Bitcoin. If I had replied to her, I might have replied with this story, a report revealing that less than 5% of the millions of Brits who have invested in Bitcoin have made any financial gain from their investment.
A cousin’s sudden curiosity about Bitcoin shows how the surging price of the cyber currency is capturing the public’s imagination. .