Word of the Week:
Bitcoin

Definition: Bitcoin is the world’s first cryptocurrency. You can buy it, mine it, or receive it from someone else. Some people use it to make anonymous purchases online, while others hold it as an investment. Its value can swing wildly, so what you have today could be worth nothing (or millions!) tomorrow.

Key Takeaway: Bitcoin is the first and most well-established cryptocurrency. It’s a peer-to-peer currency exchanged anonymously online that relies on encryption and isn’t controlled by any government or bank.

Fun Fact: One unlucky man from Wales lost more than $100 million in Bitcoin when he threw away his computer hard drive. The device is now buried in a landfill near his home.