Depending on whom you are talking to, cryptocurrencies are either the future of money and a big investment opportunity or a risky asset with no intrinsic value.
No one can deny their volatility. Bitcoin, the original of the species and the world’s leading cryptocurrency in terms of market capitalisation, started trading in 2010 and could be bought for about 10c a coin in October of that year. By the beginning of 2017 its price had risen to $882 (€750) before climbing to more than $19,000 later that year.
A year later the price had fallen back to less than $4,000. The coin hit a record high of $63,000 in April 2021 and is now back at about $34,000. Meanwhile, some analysts predict it could