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Bitcoin Explained For Beginners

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By joniferdingcong. Originally published at ValueWalk.

Bitcoin has been around since 2009, but cryptocurrencies – as in, a digital currency that operates outside of a central bank – have suddenly shot up in value, leaving many wondering if a solid investment could reap thousands. Recently, Bjork encouraged fans to buy her ‘Utopia’ album with Bitcoin, Litecoin, Dashcoin or AudioCoin. This looks far from being a digital fad, and many who invested several years ago are on the brink of being millionaires. So here’s a quick guide to the currency, why it’s all the rage, and whether the bitcoin bubble will burst.


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