Economic Progress

This is what's driving the bitcoin boom

A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. British authorities have come out in support of digital currencies in the name of promoting financial innovation, while proposing that regulations should be drawn up to prevent their use in crime. But it is technophiles who are leading the drive to make London a real-world hub for trade in web-based "cryptocurrencies", of which bitcoin is the original and still most popular. Picture taken May 27, 2015. REUTERS/Benoit Tessier - RTX1EWTP

Bitcoin is a relatively liquid asset, which means that investors can get in and out quickly, taking advantage of any price gains. Image: REUTERS/Benoit Tessier

Alex Gray
Senior Writer, Formative Content
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