What is Bitcoin

What’s all the fuss about you ask?

Bitcoin (BTC) is a Cryptocurrency, meaning it is a digital asset or a virtual currency if you like. It was released in 2009 and since that time has skyrocketed in price reaching up to $6000 USD for 1 coin. Imagine the hindsight of buying this back when it was first released! It’s also ushered in a wave of other Cryptocurrencies but none more of a success than Bitcoin. My view is as we move forward with technology it only seemed a matter of time before a universal currency was created. With time more and more large businesses and smaller retailers overseas are jumping on board allowing items to be bought with Bitcoin.

Again since I don’t enjoy reading lots here’s another very short video on how Bitcoin works.