Performance in 2014: -52%
See all 12of 2014's worst investments here
What happened?
Why did ittank? The continuing government clampdown on sites selling illicit services (where anonymous bitcoins are often used as payment) didn't help, said Extreme Tech.com. But, in reality, illicit trades made up a small proportion of Bitcoin transactions.
The bitcoin crisis' was a crisis of confidence. Over 850,000 bitcoins, worth a total of $450m, were stolen from Mt Gox, the largest bitcoin exchange site, and an enormous amount of bitcoin's value wiped. The collapse shook faith in the currency's security, its real selling point.
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Who are the losers?
own around 1% of the entire bitcoin market
Who are the winners?
What have we learned?
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Over 50s turn to equity release to clear average £30,000 debtEquity release is on the rise as homeowners in their 50s seek ways to tap into years of house price rises to pay off mid-life debts
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Has Terry Smith's fund succumbed to Saba?Activist investor Saba Capital has led pressure on fund manager Terry Smith to convert his Smithson Investment Trust into an open-ended fund - will Smith roll over?
