Why is bitcoin so volatile?
The cryptocurrency captured headlines in the run-up to Christmas due to its rapid rise, climbing from around $5,000 at the start of November to a high above $19,000 in December?
It fell back from its highs and a cryptocurrency "bloodbath" in recent weeks has seen it fall back to around $10,000. Moves of 5% or even 10% on a day are not unusual.
Critics claim that the currencies extreme volatility make it not fit for purpose as a method of exchange and some retailers have in fact stopped accepting it as a result.
But Andy Bryant, the European COO of bitcoin exchange BitFlyer, says that the current volatility is simply a symptom of bitcoin's evolution and will not be a permanent feature.
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