Patricia is a 54-year-old retired accountant who lives in Miami, Florida. She is interested in Bitcoin and has been doing some research on it. Patricia has read that Bitcoin is a decentralized digital currency, which means it is not subject to government or financial institution control.
She likes that idea because she doesn’t like the way banks and the government have been handling the economy. Patricia has also read that there are only a limited number of Bitcoins that will ever be created, which she thinks is good because it will prevent inflation.
Patricia decides to buy one Bitcoin. She goes to a Bitcoin exchange and buys one Bitcoin for $10,000.
She then transfers her Bitcoin to a digital wallet that she creates. Patricia now has her own Bitcoin and can use it to make purchases or transfers just like she would with any other currency.
Patricia is happy with her purchase and plans to buy more Bitcoins in the future as she continues to learn about this new digital currency.