Back in March 2013, Bitcoin reached an
all-time trading high of more than £21. At that time, this was seen as a major
development for the alternative currency which was launched in 2009, largely
unnoticed outside the crypto-currency world. Since then, the situation has
changed dramatically. What was seen as hype in March has now developed into a
frenzy.
By the beginning of April, one Bitcoin
was already worth £150. And since a US Senate committee hearing in November
backed Bitcoin as a legitimate financial service, its value really took off:
following a peak of £755 on 5 December, it is currently trading at around £550.
Why has Bitcoin some attractive so
quickly? How exactly does Bitcoin work? And how do regulators see the currency?
Here are some facts which describe what Bitcoin is - and what it’s not.
Published 13 December 2013
on entrepreneurcountry.com, read the full article here: http://www.entrepreneurcountry.com/united-kingdom/item/the-rise-of-bitcoin
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