Investors in the cryptocurrency are reportedly turning to gold following a downturn in bitcoin’s rates. But Benjamin Dives, chief executive of the London Block Exchange who aims to launch a sterling-to-cryptocurrency exchange, believes bitcoin will become more stable in time. Mr Dives said: “The recent dip has shown many new investors the reality of cryptocurrency volatility. This same volatility is what attracted these investors in the first place.” The London Block Exchange has stated that by the end of next year, one in three British millennial will have invested in a cryptocurrency. This will lead to cryptocurrencies overtaking bonds and shares in popularity among those aged between 18 and 35.

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