Bitcoin is a strange new addition to the global economy. It is real, legal money, but you can’t physically touch it. It has value, but it changes by the second. You can buy things with it, but you can’t buy everything with it. So what can you do with it?
A lot, actually. Bitcoin could help solve a lot of finance and fraud problems that governments and economies have dealt with for centuries. It could even make it a whole lot easier for you to go to college. It could also be used for more nefarious purposes, like buying drugs and guns online.
One thing is certain, however: it’s not as scary or hard to understand as people on TV make it seem. That’s why The Guardian created this helpful video to teach you everything you need to know about Bitcoin…and they did it in style!
Bitcoin could mean one world currency to rule them all. It could also mean the total financial collapse of the world’s economy (maybe). Only time will tell what this new digital currency will do, and if more people will accept it.
Share this video with your friends who don’t know what Bitcoin is. Who knows? It might help them in the future.