The Internet of money

Bitcoin is an implementation of a digital currency, created in 2009 by Satoshi Nakamoto, whose main purpose is to enable payments over the Internet directly between users without any third party intervention.

Bitcoin regulation has rocketed up the news agenda in recent weeks, as its price has surged. Last week, it emerged that the UK Treasury was examining whether laws against money laundering should be updated to specifically cover virtual currencies.

Experts are now warning the world saying that the recent drove lf

Analyst Paul Donovan has a word of caution for those thinking of betting against bitcoin.

Previous bubbles have lasted longer than critics have expected, Donovan points out. So unless you get your timing right, you could be crushed under the stampede of speculative money pushing an asset higher and higher.