What is Bitcoin and what makes it special? An economist explains

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Bitcoin and other cryptocurrencies are all the rage right now.

Of course, the rise of non-governmental, decentralized and encrypted electronic currencies like bitcoin has been going on for years. But in recent months he has come to the forefront of the national conversation as major figures as Elon Musk bought and Bitcoin hit record valuation levels.

Many Americans may not have followed the trend closely and are seeking to understand it. So, to help readers better understand the new tech trend, FEE interviewed Will luther, professor of economics, director of the Sound Money Project of the American Institute for Economic Research and associate researcher at Cato…

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