What is Bitcoin?

Angelic9

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Bitcoin is one kind of digital currency or cryptocurrency, a medium of exchange that exists exclusively online. The currency broke into mainstream consciousness in 2017, as its price ran up thousands of dollars over the course of the year. More recently, it skyrocketed in 2020 and 2022, stoking even more fever about the cryptocurrency and the potential to get rich quickly.

Bitcoin has created much controversy, from proponents who say it’s the future of currency to those who decry it as a speculative bubble. Here’s what you need to know about Bitcoin, how it works and some of its drawbacks.
 
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