- Over the years, he has paid up to £899 ($1,100) and as little as £14.70 ($18) for one Bitcoin, as the value of the digital currency has dramatically risen and crashed.
- But now, for the first time, one Bitcoin has topped the value of an ounce of gold.
- “For years critics have said Bitcoin will never last – that its value will drop, that it will never be adopted, and even that it’s some kind of ponzi scheme,” he told Newsbeat.
- People can send a Bitcoin (or part of one) to a digital wallet, and to other people, and each transaction is recorded in a public list called a blockchain.
- Like Drew, many people like the fact there’s no central bank and that you own your money: “Any Bitcoin I own is entirely mine, it can never disappear.”
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