Seven wild moments from the turbulent story of Bitcoin

   His empire was worth an estimated $32bn and he was flying high until everything came crashing down within days. Journalists had discovered that Bankman-Fried's company was financially shaky and had been illegally transferring FTX customer funds to prop up his other company, Alameda Research. Just before his arrest at his luxury apartment complex in the Bahamas in December 2022 he spoke to reporters. He told the BBC: "I don't think I committed fraud. I didn't want any of this to happen. I was certainly not nearly as competent as I thought I was." After being extradited to the US he was found guilty of fraud and money laundering and was jailed for 25 years. 7. Investment bank boom Despite all the turmoil, Bitcoin continues to attract attention from investors and big companies. In fact, in January 2024, some of the biggest financial firms in the world added Bitcoin to their official asset lists as Spot Bitcoin ETFs. These are like stocks and shares, linked to the value of Bitcoin but you don't have to personally own any. Customers have been pouring billions into these brand new products. Companies including Blackrock, Fidelity and GrayScale, have also been buying up Bitcoins in their thousands, pushing up its value to record highs. It is a huge milestone for crypto with some fans believing that Bitcoin is finally being taken as seriously as the mysterious Satoshi imagined. Nonetheless, few would back against more wild moments as the Bitcoin story continues to unfold.