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Bitcoin’s record-breaking surge means one man ended up paying £440m for two pizzas

Bitcoin’s record-breaking surge means one man ended up paying £440m for two pizzas

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Bitcoin has surged to a new all-time high - with prices breaking £44,000 for the first time.Saturday's spike came exactly one year after the volatile cryptocurrency lost 50% of its value in the space of two days and fell to £2,873. It has risen 1,431% in the past 12 months. Bitcoin now finds itself in uncharted territory. While some analysts believe the digital asset could reach £70,000 this year, others fear that dramatic sell-offs could be on the horizon. Image: Bank of England Governor Andrew Bailey has warned people who buy Bitcoin should be prepared to lose all of their money Part of the cryptocurrency's popularity lies in how its supply is fixed at 21 million, with new coins set to be gradually released between now and 2140.Supp...