At the time of this article going live, Bitcoin or $BTC as you may find it referred to on Twitter is worth approximately $17,000 (£12,660)! If you bought one Bitcoin a few months ago, congratulations! You made around £10,000 in just a few months.
With all the attention Bitcoin has been getting in the press lately, it's not surprising that people will be asking the questions: What is Bitcoin? Where can I buy Bitcoin? Where can I spend Bitcoin?
Well, you can buy flights, book a hotel or even charter a yacht. Many major retailers will be turning their attention to Bitcoin and adding this as a method of payment. You can spend Bitcoin at the Microsoft Store, Bloomberg; the online newspaper accepts them, there are even a handful of vendors on Etsy that welcome the currency on their store. I'm sure many more will follow.
Did you know that The UK Tenga Store has offered Bitcoin as a method of payment since March 2015?
Since launching the new store a few years back, we decided to offer the option to purchase items from our store using Bitcoin and haven't looked back. People all over the world have placed orders using the rapidly growing digital currency and we believe it has opened our offering of Tenga to everyone.
Maybe its the added discretion it adds to their Tenga experience, maybe it's the ease of transaction - either way, we will continue to offer it as a method of payment on our store as we truly believe in a great future for Bitcoin. We will also look at offering additonal options to pay with other crypto currencies in the future.
What is Bitcoin?
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
So you want to buy Bitcoin?
You can buy Bitcoin at Coinbase with a credit card or bank transfer, and is a safe place to buy Bitcoin, Litecoin and Ethereum. There are many scammers out there, so please be careful! Using the following link will reward you with $10 when you buy $100 worth of Bitcoin at Coinbase: