Bitcoin is the digital currency that everyone in America is talking about amid a meteoric rise to as much as $17,700 per Bitcoin on Friday.
But what is it, and is it really worth that much?
Here’s what you should know about the cryptocurrency.
What is Bitcoin and how does it work?
Bitcoin is a digital currency that is managed and transferred from person to person through a computer or a mobile device. There are no banks involved, and unlike other traditional currencies, it has no physical form — that is, no bills or actual coins.
Bitcoin is digitally encrypted and it can be used for paying anything...