Bitcoin Explained

by thewheatandthechaff


Here’s a really interesting short video looking at ‘Bitcoin’, the decentralised digital currency currently shrouded in mystery and notoriety. Directed, designed and animated by Duncan Elms.

Bitcoin burst through the $1,000 mark this week, leaving the only question to be when the crash will happen. Some have suggested that it has more recently been supported by wealthy Chinese who are attempting to circumvent China’s strict capital controls, which could mean the rate of growth may continue. The Economist made a good point in this piece however, arguing that even if Bitcoin does crash, it has paved the way for others like it.