In July 2013, Bitcoins traded at US$100 each. Last week, they hit US$11,434. Photo: AP
Opinion
Opinion
Abacus
Why bitcoin fever is a bubble waiting to burst
Optimism is high with the price of the cryptocurrency up 1,438 per cent over the past 12 months, but the very factor enthusiasts like most about bitcoin is also one of its biggest drawbacks
In July 2013, Bitcoins traded at US$100 each. Last week, they hit US$11,434. Photo: AP