Bit coin is a form of digital currency, created and held electronically. No one controls it. Bit coins 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. There will be only 21 million Bitcoins ever mined. This makes it a good longterm investment since the value will increase over time because of the halving process. The halving process occurs every 4 years, which gives miners a reward for verifying transactions. Bitcoin will continue to be halved until 2140 when the full 21 million is reached.
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