What is Bitcoin?
Bitcoin is a digital currency that was created in 2009. As shorthand, it is often referred to as BTC, similar to how we
use the abbreviations USD or EUR.
Bitcoin is not the first attempt at creating a digital currency, (you can find a
list of other attempts
on Wikipedia), but it
is one of the most widely adopted ones today, with a monetary base in circulation that is well in excess of $1 billion.
$100mm per day gets exchanged for fia
t USD on bitcoin FX exchanges.