Whether its price is sky high
or as deep as the virtual mines it comes from...Bitcoin gets people talking
And when the cryptocurrency plunged to more than a four month low on Friday after Japanese authorities told exchanges to tighten up security
it left others, including Ethereum, on the slide
The second-largest cryptocurrency by market value, also fell nearly 10 percent
Both have recovered some of their losses
"If Bitcoin is moving down, the rest of the cryptocurrencies will move in the same direction because the correlation is really strong."
A number of security breaches have rattled investors
South Korean exchange Coinrail was hacked a couple of weeks ago...
losing around 30 percent of the coins it traded - potentially up to 40 million dollars worth.
"Why we have seen the major sell off in cryptocurrencies is, Bitcoin stands for one important element which is trust. And the recent hacks at the exchanges is absolutely insane because regulators really need to ramp up the pressure on these exchanges."
South Korea is one of the world's major cryptocurrency trading centres
and its exchanges are taking steps to try and better protect users
But while some global policy makers are struggling to regulate trading in the digital asset.
others are embracing it.
"Yes the technology is certainly ready for governments to come and deploy and make use of the technology. Dubai is another example where the country has aimed to be paperless by 2021. And they are using massive massive resources within the blockchain community."
As for Bitcoin - it's still well below its peak.
It's fallen roughly 65 percent since last December.