Bitcoin is the first successful implementation of a concept called crypto-currency. Crypto-currency is not real money, it isn’t legal tender. However, with Bitcoin you are not just buying value for value, but instead are getting ownership of bitcoins that cannot be taken away from you due to their open source protocol. Owning your own bitcoin means that there are no counterparty risks – what you buy today is exactly what you will own tomorrow (up to the maximum number allowed by the algorithm). Some other things about Bitcoin: You can create multiple accounts on any bitcoin user’s computer and make transfers between them using another person’s keypair rather than each account’s private key. This makes many technical aspects more feasible (eg. multi-sig escrow).
You rarely need to send bitcoins directly to someone else; transactions can be made indirectly by providing shares or access keys without exposing the private keys involved. When Bitcoins hit $100 per transaction costs become negligible (for some users maybe not even noticeable)
Your money may be worth more quickly or slowly depending on market conditions/volatility Investing in Bitcoin involves significant risk so please do your research before investing any funds. Make sure you fully understand this new asset class before risking valuable time and capital Investing in anything involves significant risk so please do your research before investing any funds