If I needed to explain it to a friend….

Bitcoin’s a type of money, but instead of being backed by a government like the US Dollar or Yen, it’s back one of the most secure networks man has ever created. An entrepreneur paid $500,000 to two security teams to break the code anHowd they told him it was basically unhackable.

In it’s 8 years of existence, it’s doubled in value roughly 18 times.