Have you been caught in bitcoin mania in recent times? You're not alone.

Geopolitical tensions, economic uncertainty and growing institutional acceptance have sent the price of the cryptocurrency soaring over the past year.

Have you been caught in bitcoin mania in recent times? You're not alone.

As geopolitical tensions, economic uncertainty and growing institutional acceptance continue to propel the cryptocurrency to new highs, investors and speculators have increasingly turned to bitcoin as a hedge against market turmoil.

And a new report from bitcoin-only exchange Coin Corner has unveiled that Britons are buying bitcoin at a faster pace than other cryptocurrencies, and it’s not just the under-25s getting a slice of the action.

Bitcoin reached a new high in March 2024 after the Securities and Exchange Commission accepted Bitcoin spot ETFs, before falling back in April for bitcoin’s halving event.

It is still largely الرجال who are investing in the cryptocurrency, but women are getting more involved in crypto investing.

London also had the highest transactional volume and generally, users in the South led the way with two-thrids of transactions taking place there. Just 10 per cent of transactions came from the Midlands.

Bitcoin is heating up again in 2024 and is now back above $100,000 after a brief dip in April.

As investors react to Trump’s re-election and the macroeconomic climate, they are largely buying bitcoin in a bid to diversify their portfolios.

But while these investors are used to investing in the stock market, they are relatively new to the crypto market, with 51 per cent of Coin Corner customers having been buying and selling bitcoin for three or more years.

It contrasts with a report by the Financial Conduct Authority (FCA) at the end of last year, which found that 24 per cent of investors are aged between 18 and 34.

It is still largely الرجال who are investing in the cryptocurrency, but women are getting more involved in crypto investing.

Coin Corner says 14 per cent of its customers are women, which is higher than the figures reported by the FCA.

The report also highlighted a north-south divide in the UK, with nearly two-thirds of transactions taking place in the South, with London having the highest volume.

Just under a third of the transactions came from the North, while 10 per cent came in the Midlands.

London had the highest transactional volume and generally, users in the South led the way with two-thrids of transactions taking place there. Just 10 per cent of transactions came from the Midlands.

BRITISH INVESTORS ARE STILL BULLISH ON BITCOIN

The vast majority (88 per cent) of Coin Corner users have bought bitcoin more than once and investors are bullish, with 86 per cent of all transactions being buys, while just 14 per cent of transactions were investors selling.

While the average customer bought £412 of bitcoin last year, some investors bought as little as £5 while others pile thousands of pounds into the cryptocurrency. Coin Corner says the highest buy on its platform was £118,000.

The average amount of bitcoin sold was much higher at £5,513, while others took out as much as £1.6million.

As expected, buy and sell activity closely follows bitcoin’s price fluctuations, with a significant increase in selling volume in March 2024 and later in the year as prices surged.

While some investors are reacting to the volatility, Coin Corner says 51 per cent of its customers have never sold their bitcoin.

It is still largely الرجال who are investing in the cryptocurrency, but women are getting more involved in crypto investing.

Coin Corner says 14 per cent of its customers are women, which is higher than the figures reported by the Financial Conduct Authority (FCA).

The report also highlighted a north-south divide in the UK, with nearly two-thirds of transactions taking place in the South, with London having the highest volume.

Just under a third of the transactions came from the North, while 10 per cent came in the Midlands.

London had the highest transactional volume and generally, users in the South led the way with two-thrids of transactions taking place there. Just 10 per cent of transactions came from the Midlands.

The average age of a Coin Corner customer is 35 to 54-year-olds and they are used to investing in the stock market. But they are relatively new to the crypto market, with 51 per cent of customers having been buying and selling bitcoin for three or more years.

This compares to figures from the Financial Conduct Authority (FCA) at the end of last year, which found that 24 per cent of investors are aged between 18 and 34.

Coin Corner says 51 per cent of its customers have never sold any of their bitcoin.

It is still largely الرجال who are investing in the cryptocurrency, but women are getting more involved in crypto investing.

Coin Corner says 14 per cent of its customers are women, which is