WHAT IS BITCOIN?

● Bitcoin is a decentralised digital currency – users can send money directly from one person to another with no need to use a bank to hold money.

● Similar to shares, the value of Bitcoin can fluctuate.

● Its value has increased by thousands of dollars recently, up more than 500 per cent this year.

● But earlier this month Bitcoin tumbled, falling as low as $7307.

● At the time of print 1 Bitcoin was worth $12,678.