What’s Bitcoin? A beginner’s guide to the world’s first cryptocurrency

Bitcoin (BTC-USD) — the world’s first digital currency — has been a hot topic in financial circles for at least the last few years, and arguably needs no introduction.

Surveys suggest a majority of Americans have at least heard of it. In layman’s terms, Bitcoin is a virtual currency (aka cryptocurrency) which can be exchanged through online transactions, and is stored on a digital ledger. Once trading for pennies on the dollar, one unit now costs nearly $40,000 with a market…


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