Libertarians and Millennials Are Going Crazy Over Bitcoin: What Are They?
Bitcoin is a private currency that is not backed by any government, central bank or organization. It’s completely decentralized. This video offers more details on how this works. We have seen the cost of Bitcoins in dollars rise from a few cents to values of $1,200. Much of the reason for the rise is that people trust Bitcoin more than many government-backed currencies.
Bitcoins are being used all over the world. Anyone can send Bitcoins to anyone, anywhere with one of the lowest transactions costs on the planet compared to government backed currency. These low transactions costs make doing business with Bitcoins more affordable, convenient and secure, three factors that young people highly value.