Berlin – the capital of Germany, is a quite a Bitcoin hot spot. There are several bars where you can pay with Bitcoin and the city is home to Europe’s biggest Bitcoin incubator, Bitcoins Berlin.

The German capital was first dubbed the “Bitcoin Capital of Europe” by the Guardian in 2013 and since then a number of other businesses have been keen to accept cryptocurrency as a form of payment.

Nowadays people can buy an apartment, book holidays, eat and drink in a number of trendy bars and even pay for further education using the controversial cryptocurrency Bitcoin.

There are a number of appealing factors which make Bitcoin an attractive form of payment. One of them is the blockchain technology behind the cryptocurrency. This means Bitcoin is managed by its network and not by one central authority.

Be warned – Bitcoin investing is not for the faint-hearted! This year Bitcoin price has been falling as concerns grow that governments will crack down on the industry. Currently Bitcoin is trading at $10,600 after hitting almost $20,000 in December.

See Also on BitcoinWiki