Bitcoin is making fortunes for investors, but how long will it last

The price of Bitcoin rose by another $US500 this week after breaching $US5000 last week, making investors huge fortunes. But market experts who’ve seen their fair share of booms and busts are scratching their heads.

The volatility is particularly high. Bitcoin reached almost $5000 on September 1 this year and fell to $3200 over the following two weeks. But just like in previous set-backs, the cryptocurrency went on to more than recover from the fall.

The big bubbles of recent decades – US house prices that came crashing down and triggering the global financial crisis or the dotcom crash of 2000 – took years to rise by less than 10 times…

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