BITCOIN 'whales' who hold staggering sums of the cryptocurrency could crash the market, experts have warned.

It comes as Bitcoin soars to record sums, currently valued at £23,000 ($32,000) per coin.

And Bitcoin reached a record high of $41,973 on January 8 this year.

In December 2018, a single coin was worth $3,300, and in November 2013, one coin was worth as little as $350.

This phenomenal rise has made multimillionaires and billionaires of some investors.

Now experts have told The Telegraph how there are fears that Bitcoin "whales" hold too much sway over the market.