Bitcoin is a virtual currency that has made its way into mainstream conversation recently. And yet most of us still don’t quite understand what it is and how it works.
This segment from BBC Newsnight investigates Bitcoin and tries to unravel the mystery of this strange new beast that could end up changing the way we all pay for things.
Bitcoin is particularly in the news at the moment as its worth is being discussed at a U.S. Senate committee hearing.
The thing about Bitcoin is it’s not for the faint-hearted casual user. The value of the virtual currency fluctuates wildly, and as it’s not linked to any real-world asset there’s always a chance it will become worthless.
So if you do decide to invest in Bitcoin, please tread carefully.
