Bitcoin has been in the news a lot lately. The value of a single Bitcoin has risen sharply, and investors are taking notice.
Some people are even buying Bitcoin in hopes of making a quick profit. But what are Bitcoin and how do they work?.
Bitcoin is a digital currency that is not regulated by any government or financial institution. Bitcoin is created and held electronically on a decentralized network of computers.
Transactions are verified by the network and then recorded in a public ledger called a blockchain.
Bitcoins can be used to purchase goods and services online. However, many businesses do not accept Bitcoin as payment yet.
Some people invest in Bitcoin, hoping that the value will go up.
Movies that have mentioned Bitcoin include: The Social Network, which mentioned Bitcoin when Mark Zuckerberg was trying to come up with a way to make money from Facebook; The Wolf of Wall Street, where Jordan Belfort used Bitcoin to launder money; and Dope, where one of the characters sold drugs for Bitcoin.
While Bitcoin is still not widely accepted, it has become more popular in recent years. With the rise in value, more people are taking notice of this digital currency.