Bitcoin Explained : What is Bitcoin ? | How does Bitcoin Work ? | Bitcoin Mining | Explained Simply

Best Explanation for bitcoin. Bitcoin hits its all time high of $40,000, in Indian currency its value is Rs. 30,00,000. In the recent years Bitcoin has seen an exponential growth in its value. But where do this growth come from and what is Bitcoin? Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see. Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments. As bitcoin gains more popularity, more and more places accept it as a payment method. Bitcoin is one of the highest risk highest reward investment options out there. In the last one month the value of one bitcoin has gone up from $17,000 to almost $40,000. It is tempting to invest in cryptocurrencies, but before we do so, we must understand where this money goes!