*Bitcoin was worth $3700 at the time of the video. Made a mistake and said $370
The first question that I get asked about Bitcoin is “Why is it valuable”. This confuses a lot of people because they Bitcoin is not backed by any real world commodity or by any government – something that is bizarre to a lot of people. Currently a bitcoin is worth $4000 USD. In this video I try to explain why I think Bitcoins are valuable.
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