Bitcoin buyers should be prepared to lose all their money, top UK regulator warns Andrew Bailey, chief executive of the Financial Conduct Authority, told BBC's "Newsnight" on Thursday, "If you want to invest in bitcoin, be prepared to lose all your money" Bitcoin's meteoric price rise has stunned critics and enthusiasts alike, leaving investors scrambling to understand the driving factors for the digital currency's runaway rally Bitcoin traded at $17,159 on Friday morning, according to CoinDesk's bitcoin price index Bitcoin…