More and more investors are moving their money out of gold, the traditional safe haven, and pouring it into Bitcoins. But how does internet currency work? Is it the future and is it really more stable than the euro? Made in Germany investigates.
After Thursday's massive hike in Bitcoin's value, the cryptocurrency fell 15 percent on Friday on profit-taking. The volatility has been put down to a decision by US regulators to allow Bitcoin trade on major exchanges.
Cryptocurrencies have grabbed a lot of attention in recent days as the value of bitcoin skyrocketed to hit record highs and Venezuela announced plans to create a digital currency called "petro."
In January, one Bitcoin cost about $700 (€589). Now it's reached $11,000. We look at what Bitcoin is, why it's inflating, and whether it's likely to become a common way for people to pay for stuff.
With new coins released daily, the heated cryptocurrency market has finally gained the attention of US regulators. Yet with all the adrenal highs and lows, it continues to challenge the rules of investment.
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