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Read more about Police seize $60 million worth of bitcoin. But, where is the password? on Business Standard. Bitcoin is stored on software known as a digital wallet that is secured through encryption
| UPDATED: 14:30, Mon, Jan 25, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they'll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Bitcoin's presence has reemerged in recent weeks after the currency's value reached an unprecedented high of $41,000 (£30,000) on January 7, before enduring its worst decline in 10 months days later. It constantly splits opinion with economists, as some argue Bitcoin's volatile nature makes it uninvestable, while others say it is the future of world currency. Yet, despite enjoying such lucrative gains, and costly losses, iconic Wall Street economist Burton Malkiel claimed that Bitcoin uses a huge amount of energy to be created.
Read more about Iran, pressured by power blackouts and pollution, targets Bitcoin on Business Standard. Rolling outages left millions without electricity for hours
Read more about Bitcoin slumps 10% to a 10-day low as pullback from record continues on Business Standard. The world's most popular cryptocurrency continued to retreat from the $42,000 record high hit on January 8
| UPDATED: 15:17, Tue, Jan 19, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they'll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. The value of the cryptocurrency started rising earlier this year, following a stormy few weeks that saw its price hit unprecedented highs and lows. Investors remain unsure over the currency's long term sustainability, as major shifts in value lead to a volatile market. After seeing 20 percent of its value wiped off in just two days in March 2020, its price rose by more than $6,800 (£5,000) in 48 hours this month, ending January 7 on a final price of $41,000 (£30,000).