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My 1,000
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Almost $500 of bitcoins disappeared in Japan. A company called Mt. Gox lost 850,000 bitcoins, $473 million. It was one of the world's biggest Bitcoin . The company's CEO said hackers stole the . He apologised to . Thousands of investors are because they lost their money. Bitcoin is a currency. People only use it for electronic payments. Anyone can buy and use bitcoins. There is no for a bank account. Many people believe that bitcoins will replace money, coins and credit cards.

The collapse of Mt. Gox did not experts because there are no laws to control it. It was an waiting to happen. They said Bitcoin would recover from the Mt. Gox . There will be a better system. Companies will make their tighter and governments might make to make Bitcoin safer. An expert said the currency will be . He told reporters: "If you look at the short of Bitcoin, there has been a of bubbles, busts, hacks and . After every single , Bitcoin has emerged stronger."

 


 
 

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