Cryptocurrencies have gone from an obscure part of finance to centre-stage over the last year. In the space of 12 months, bitcoin has exploded from trading at $8,166 on 8 March 2020 to hitting all-time highs of over $58,000 in February 2021 and now trading at $54,011 as of 9:31am GMT on 9 March.
Their meteoric rise has been accompanied by increased institutional interest, including from big names like HSBC, Goldman Sachs, BNY Mellon and JPMorgan.
There...
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