Cryptocurrencies stormed into the public consciousness in November 2013 when the price of just one bitcoin broke through the $1,200 level.
The activists promoting the new breed of people-issued money claimed it would replace inflationary central-bank currency, enabling consumers to bypass the high commission charges and regulatory restrictions of traditional banks.
“It gives everyone in the world access to finance and the ability to transact with each other,” says Chris Ellis, one of the early supporters who always believed bitcoin’s potential was in democratising finance for millions of unbanked people. “The only barrier to entry is the use of a network-enabled digital device like a smartphone or a computer. “
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