#122: Bitcoin

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It's the most famous cryptocurrency in the world, and went up in value by 269% in 2020.

In this episode, we take a look at what it actually is, how it works, why some people think it is the future of money and others think it is a giant bubble.

• How 'traditional' money works
• Banks and storing money
• 1971 and leaving the gold standard
• Inflation
• Satoshi Nakamoto & the Bitcoin whitepaper
• Principles of bitcoin
• How bitcoin payments work
• How the blockchain works
• Bitcoin and inflation
• Why the bitcoin price goes up and down
• Buying things with bitcoin
• The first pizzas bought with bitcoin
• Why people don't like bitcoin
• The US Federal Reserve & bitcoin

Full interactive transcript, subtitles and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/bitcoin

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