Bitcoin: is it fool's gold or time to buy? – The Times


It has been called “digital gold” and has been most synonymous with drug dealing, ransomware and inept criminals, as well as innocent investors losing fortunes in lost hard drives. Whether bitcoin is the best get-rich-quick scheme in town or the next financial bubble waiting to burst, is usually just a matter of opinion — but either way, investors have been on one hell of a rollercoaster ride this past fortnight.

Values of the world’s most famous digital currency have risen by more than 700% during the pandemic, as economic uncertainty spreads. Bitcoin prices exploded at the end of 2020, doubling in less than a month before reaching a peak of $42,000 on January 8. Values have since fallen back amid fears the newly inaugurated US



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