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An illustration of Bitcoins.
An illustration of Bitcoins.
(NEAL CRESSWELL FOR THE GLOBE AND MAIL)

Why would anyone invest in Bitcoin, anyway?

The manic Bitcoin bubble is showing no signs of bursting.

In fact, the tolerance – if not outright endorsement – of the U.S. and Chinese governments is injecting fresh air into the digital currency’s value, making it seem less like a tool for illicit activity and more of a legitimate financial instrument. What remains ambiguous is whether investors have any reason to prefer it to conventional forms of currency.