Will Bitcoin’s price rise?
THE price of Bitcoin has fluctuated wildly since its launch - and it's currently sitting at just under $32,000.
Bitcoin was first created in 2009, and has since become the world's largest .
The value of it is determined by supply and how much people are willing to buy it for, and investors should know making money is not guaranteed.
Cryptocurrencies are highly volatile, so you may lose all the money you put in so you should never invest more than you can afford to lose.
There's also scant regulation for crypto firms, so you won't have any protection if and when things go wrong.
Last month, Mr Musk then once it becomes cleaner and greener.
The value of Bitcoin also crashed in May after .
A few weeks ago, the financial regulator in the UK, the Financial Conduct Authority (FCA) then .
Laith Khalaf, financial analyst at investment platform AJ Bell, told The Sun: "The difficulty with Bitcoin is that in ten years’ time, it could be worth significantly more than it is now, or nothing at all.
"Its price will depend on whether it achieves widespread acceptance by businesses, consumers and investors, or indeed whether its position is usurped by other cryptocurrencies and it falls by the wayside.
";This is very different to an investment in the stock market for instance, which on a 10-year view will normally provide handsome returns to investors."
While Myron Jobson, personal finance campaigner at Interactive Investor, added: "The fact that Bitcoin has halved in value within the past three months shows that the cryptocurrency is and remains a high risk and notoriously volatile asset.
"Investors should be prepared to lose all their money.
"Whether Bitcoin will come up trumps remains to be seen, but whatever your approach to risk, cryptocurrency should be treated with caution."
A couple after crypto scammers duped them into handing over their Coinbase account details.
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We explain and how many are left to mine.