a wild ride on wall street. values of a digital currency recently soaring 40 percent in 40 hours before falling back down and building back up again. all of this as their future preparation is mainstreamed on sunday. will it ultimately replace the almighty dollar? deidre bolton has more. bitcoin launch in 2009 after the global credit crisis when many people lost faith in government and the financial system. for a practical standpoint, bitcoin is a digital currency. there is no government guaranteeing it, no central bank and it is a peer to peer software system that mimics what cash does in the physical world. every bitcoin bought and sold as recorded in an open ledger. constantly updated across every participated computer program
a wild ride on wall street. values of a digital currency recently soaring 40 percent in 40 hours before falling back down and building back up again. all of this as their future preparation is mainstreamed on sunday. will it ultimately replace the almighty dollar? deidre bolton has more. bitcoin launch in 2009 after the global credit crisis when many people lost faith in government and the financial system. for a practical standpoint, bitcoin is a digital currency. there is no government guaranteeing it, no central bank and it is a peer to peer software system that mimics what cash does in the physical world. every bitcoin bought and sold as recorded in an open ledger. constantly updated across every participated computer program
bret: the bit coin roller coaster continues to be on a wild ride. it hit a new record price yesterday and nose dived today. this is what bit coin is and why it is so volatile. bit coin launched in 2009 when many people lost faith in government support financial system. bit coin is a digital currency. there is no government guaranteeing and no central bank printing it. it s a peer to peer software system that mimics cash in the physical world. every bit coin is updated across every participating computer on a public spreadsheet. as far as bit coin s safety, whether or not you should buy it, experts say not without a