Bit Coin

13-07-23 00 / episode: 178

Script

Bitcoin, you've probably read the news or heard about it on the radio or maybe you even own Bitcoin. Although the number of people who own Bitcoin is not that big. I don't think in terms of the world population, Bitcoin is a digital currency. It's digital money. Well, at least that's what the people say. They're trading it and they're using it and giving it to each other as money. Now, Bitcoin as money is also an investment. Some people buy Bitcoin and then they hold it and they hope that the value of the Bitcoin goes up. There are, there are stories of people who've made a lot of money. They've become very rich investing in Bitcoin. There's also stories of people who became very rich but they forgot their password and they couldn't get their money. And there's also stories of people who have lost piles of money on Bitcoin. They, they've lost fortunes. Bitcoin is kind of complex to be, you know, very honest. I've looked into Bit Bitcoin and I don't really want to invest in something that I can't really completely control. Well, maybe not completely, but I won't invest in Bitcoin because there's a lot more going on than I can understand. And I don't have the time to study it all. On the other hand, it's really interesting to watch and Bitcoin is just the beginning. There's other digital currencies out there too. I don't know the names of them all, but they're out there and people are trading them. Most of these people are speculating, they're hoping that this is gonna be the next big thing and they'll get rich. Speculating is really gambling. And I don't know if that's such a good idea with my precious money at any rate. Have you bought Bitcoin? And do you think that you might use Bitcoin in the future?