what is bitcoin
Lifestyle

Understanding Bitcoin: Record highs, risks, and investment insights

Should you be investing in the new currency?

Cryptocurrency Bitcoin is currently at a record high, but what is Bitcoin?

And, more importantly than that, should you be investing?

Here’s everything you need to know about the cryptocurrency that’s currently making headlines around the world.

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picture of a laptop
Bitcoin is a cryptocurrency, but is it safe to use? (Credit: Pexels)

What is Bitcoin?

Bitcoin is a cryptocurrency that was launched in 2008.

It was created by an unknown person or group of people called Satoshi Nakamoto.

Each Bitcoin is essentially a computer file that is stored in a digital wallet app on your smartphone or computer.

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Nancy Brown
Editor