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But buying stuff using Bitcoin may not be a good idea - for several reasons. The cryptocurrency's network can only handle five transactions per second, while the likes of Visa can handle thousands. Bitcoin's volatility can also have consequences. Laszlo Hanyecz bought two pizzas for 10, BTC in , back when the cryptocurrency was worth pennies.

Image: Annually, Bitcoin uses as much electricity as the whole of Chile The asset's growing price in recent years has turned early adopters into millionaires, but not everyone has been so lucky. He has offered to pay the council millions of pounds for the chance to search a landfill site, but his requests have been repeatedly rejected on environmental grounds. According to the Financial Conduct Authority, 1. Over the course of , enthusiasts began ploughing as much cash as they could into Bitcoin and other cryptocurrencies because customers were becoming increasingly interested in them.

When the prices dropped and customers grew sparse, many businesses cut their losses and dissolved. Maybe they didn't exit at the peak, but some came away from the wild ride with a bit of extra cash. One small business owner told Sky News he wasn't quite ready to dissolve his business. Despite his losses, he hoped his experience would be of benefit to potential customers - although he wasn't prepared to identify himself or his business.

More than , people have signed our petition - have you? Last December, the interest in Bitcoin seemed divorced from any knowledge about the technology underpinning it - other than the name. How times have changed. Of the businesses which haven't been dissolved, Sky News has found more than 50 which have changed their names to no-longer reference Bitcoin, blockchain, or cryptocurrencies.

The chief executive of one business said this was because opening a bank account with one of those words in the company name proved a nightmare - although Sky News identified hundreds of other businesses with similar titles.

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Bitcoin's volatility can also have consequences. Laszlo Hanyecz bought two pizzas for 10, BTC in , back when the cryptocurrency was worth pennies. Image: Annually, Bitcoin uses as much electricity as the whole of Chile The asset's growing price in recent years has turned early adopters into millionaires, but not everyone has been so lucky. He has offered to pay the council millions of pounds for the chance to search a landfill site, but his requests have been repeatedly rejected on environmental grounds.

According to the Financial Conduct Authority, 1. Bank of England Governor Andrew Bailey has warned that people who buy Bitcoin should be prepared to lose all of their money - and recently predicted that the cryptocurrency won't last. Other senior officials, such as European Central Bank President Christine Lagarde, have called for Bitcoin to be regulated globally - warning that it is used for "funny business".

Married men accessed equity through their family homes, and often - whether because they felt they needed to act quickly to make the most money, or because they feared that their investment would be criticised by their spouses - did so without informing their families, only to see the value of their assets evaporate, followed by their homes.

He said he wished he had never heard of Bitcoin. He and many other investors and businesses declined to be identified in this article, explaining that they feared mockery from friends and relatives. Over the course of , enthusiasts began ploughing as much cash as they could into Bitcoin and other cryptocurrencies because customers were becoming increasingly interested in them.

When the prices dropped and customers grew sparse, many businesses cut their losses and dissolved. Maybe they didn't exit at the peak, but some came away from the wild ride with a bit of extra cash. One small business owner told Sky News he wasn't quite ready to dissolve his business.

Despite his losses, he hoped his experience would be of benefit to potential customers - although he wasn't prepared to identify himself or his business. More than , people have signed our petition - have you?

Last December, the interest in Bitcoin seemed divorced from any knowledge about the technology underpinning it - other than the name.