It's the most famous cryptocurrency in the world, and went up in value by 269% in 2020.In this episode, we take a look at what it actually is, how it works, why some people think it is the future of money and others think it is a giant bubble.
How 'traditional' money works
Banks and storing money
1971 and leaving the gold standard
Inflation
Satoshi Nakamoto & the Bitcoin whitepaper
Principles of bitcoin
How bitcoin payments work
How the blockchain works
Bitcoin and inflation
Why the bitcoin price goes up and down
Buying things with bitcoin
The first pizzas bought with bitcoin
Why people don't like bitcoin
The US Federal Reserve & bitcoin
Full transcript, subtitles and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/bitcoin