In its brief existence, Bitcoin has been hailed by some as the currency of the future and denounced by many as a ‘fad’ that never took off. But let the numbers talk for now – if you had had the intuition to invest, say $100 dollars, in Bitcoin back in 2010 (₹4500 approx by the exchange rate back then), today you would be worth a whopping $72 million (Rs 459 crore). 
Bitcoin has been the go-to digital currency and it is used for various purposes such as buying goods and services in the online and offline world. It is also one of the most popular choices of currency amongst criminals and hackers. Bitcoin is widely used in the deep and the dark web and one can also buy illegal items with the digital currency with much ease.
Recently, bitcoin was also the choice of payment mode by hackers who managed to spread the WannaCry ransomware in at least 12 countries and affected thousands of businesses. The victims were then directed to pay a sum in bitcoin in order to get their computers back in running order.
With Bitcoin values continuing to climb (they’re approaching $8,000 per as of writing), one has to wonder what the overall rationale is behind those involved in the cryptocurrency.
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