RATE Group | What is Bitcoin, what’s the price in GBP and USD today and how can you buy the cryptocurrency?
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What is Bitcoin, what’s the price in GBP and USD today and how can you buy the cryptocurrency?

12 Jun What is Bitcoin, what’s the price in GBP and USD today and how can you buy the cryptocurrency?

Posted at 15:17h in Bitcoin News by

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BITCOIN is the hot topic in the world of amateur and professional currency investment currently.

Its meteoric rise in value over the last year – punctuated by some dramatic falls – has made hundreds of early investors extremely wealthy – but what is it worth today?

The value of Bitcoin surged at the beginning of 2017

Alamy

The value of Bitcoin surged at the beginning of 2017

What is Bitcoin?

Bitcoin is a virtual currency that was created in 2009 by an unknown computer whizz using the alias Satoshi Nakamoto.

Individual Bitcoins are created by computer code and their total value is thought to exceed £185billion.

Transactions are made without middlemen, so there are no transaction fees and no need to give your real name.

More businesses are beginning to accept them and in some parts of the world you can even buy pizza with Bitcoins.

Bitcoin dropped below $9,000 (£6,500) today

Getty – Contributor

Bitcoin dropped below $9,000 (£6,500) today

You can set up a virtual wallet websites like Blockchain to store,  keep track and spend your digital money.

You are also able to…

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