Bitcoin is soaring — here’s what the cryptocurrency is all about
|05/25/2017||Posted by BusinessMediaguide.Com under General World News||
Bitcoin is a currency just like the US dollar or Mexican peso. It’s also back in the headlines after soaring in value. One bitcoin was worth $2,800 on May 25, up from $1,200 at the end of April.
In countries that accept it, you can buy groceries and clothes just as you would with the local currency. Only bitcoin is entirely digital; no one is carrying actual bitcoins around in their pocket.