The concepts of Bitcoin and blockchain are often lost on the typical investor. With a limited number of ways to exchange Bitcoins, a limited number of people willing to take them, and a fear of fraud, it’s a small wonder that it might seem relegated to fanatics and techies to own or trade Bitcoin. However, recently the transaction value of Bitcoin that has been exchanged has exceeded the amount of money that PayPal moves around! This would indicate a growing acceptance of Bitcoin as at least a valid commodity, if not a valid form of payment. But still, what exactly is it?
This primer by Fidelity delves into what Bitcoin is and the risks associated with owning and/or trading this and other digital currencies.