Bitcoin price breaks through $14,000 mark

Bitcoin has reached an all time high in terms of value, breaking through the $14,000 mark early this morning.

The ‘cryptocurrency’, which has been criticised by some as nothing more than a fad and by others as an outright fraud has defied expectations rising from near-anonymity at the beginning of the year when its value was less than $1,000, to the staggering heights it is currently enjoying.

Whether analysts are right and the Bitcoin is merely a bubble about to burst remains to be seen, but in the meantime, some investors appear to have made some serious money on Bitcoin, leaving many eating their words and the treasury realising the need to set out regulatory plans for bitcoin, to avoid any suspicious activity involving this ‘anonymous currency’ taking place.