Bitcoin is now a recognised hold of value, and more and more big companies are investing and allowing customers to purchase commodities using Bitcoin.
The Bitcoin network is protected against fraud via a ‘trustless system’; Bitcoin transactions also work to shield themselves against potential theft, however, a few high-profile thefts have occurred.
The scams were the doings of a few ‘creative people’ who recognised that the hype of Bitcoin made them susceptible to investment desperation.