It was worth less than 10 US cents in 2010, less than $10 in 2012, but had risen to $750 a year ago and now to $10,000 plus. This is the Zimbabwe dollar in reverse
Bitcoin shot through the $10,000 (£7,440) barrier on Monday and by the time you read this it has probably gone through $11,000 – the last quote I saw was $10,831.75. So let’s make a prediction. A bitcoin is worthless. Its price will crash and everyone who thought they had made fortunes will wake up with sore heads. Trouble is, it may go higher, perhaps much higher, before this happens.
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