Bitcoin recently broke past the $100,000 barrier, reaching an all-time high of $103,900 in late November 2024. The milestone marked a major moment for the world’s first cryptocurrency, celebrated by investors and enthusiasts alike. However, the celebrations were short-lived as Bitcoin experienced a sharp drop in value shortly after, stabilising at around $99,200. This dramatic rise and fall have reignited debates over whether Bitcoin is in yet another bubble and if it’s primed for a significant correction.
Cryptocurrency Use in the UK
Cryptocurrencies are no longer niche financial tools. In the UK, they are increasingly used for payments, investments, and decentralised finance. Many major industries like real estate and eCommerce now accept cryptocurrencies for goods and services, reflecting a growing trust in their utility. The UK government is also exploring blockchain technology, including plans for a central bank digital currency to modernise the financial landscap
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