Bitcoin: is it fool’s gold or time to buy? | Ireland

It has been called “digital gold� and has been most synonymous with drug dealing, ransomware and inept criminals, as well as innocent investors losing fortunes in lost hard drives. Whether bitcoin is the best get-rich-quick scheme in town or the next financial bubble waiting to burst, is usually just a matter of opinion — but either way, investors have been on one hell of a rollercoaster ride this past fortnight.

Values of the world’s most famous digital currency have risen by more than 700% during the pandemic, as economic uncertainty spreads. Bitcoin prices exploded at the end of 2020, doubling in less than a month before reaching a peak of $42,000 on January 8. Values have since fallen back amid fears the newly inaugurated US

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