As of Sunday, June ^20th 12:20 PM Eastern Time, one Bitcoin was valued at 10,692.80 (US Dollar). It was steadily on the rise the past few days.  One bitcoin has more than doubled in value since earlier this year.  It almost reached 20,000 in December 2017 before it dropped again, so hopefuls are standing by and wishing it will go up again.  People are going through a buying frenzy right now as they don’t want to miss out on a potential great opportunity (“FOMO” – fear of missing out).  It is also leaving people to wonder when the next big crash will happen and questioning the moment to pull out.

Before I go on, for those of you who are new to this, there are three terms you may want to familiarize yourself with:

• Bitcoin –  a form of cryptocurrency that was first released in January 2009.
• Cryptocurrency – a digital asset that is decentralized, passed from person to person, encrypted, found all around the world, and does not require the input of personal information.
• Blockchain – a database of every transaction that has ever happened using a particular cryptocurrency.

Here is a link that explains how this complex system works in more simple terms: What is Cryptocurrency?

And what exactly can you do with Bitcoin? You can use it to purchase goods or services, trade it, or hold onto it.

Not only is Bitcoin’s value rising, but so is the amount of attention it is receiving from mainstream media and celebrities.  The number of Google searches are up there along with Donald Trump and Kim Kardashian (who was given her first physical coin last year).

The types of investment opportunities continue to change every generation.  You can only imagine what your child will be investing in one day!

You can actually introduce your child to what Bitcoin is – check out Blockchain for Babies, by Chris Ferrie.