The economy is shitting a brick – to say the least. Luckily, our central bankers have come to the rescue to the tune of trillions of dollars to keep the financial system from completely shutting down.
Bitcoin is a computer program designed to create a scarce asset that can be transferred across the internet, on the cheap, without the need for a central authority to manage transactions. That’s it.
Whether you get your financial news from The Economist, Bloomberg, or Twitter's famous Stock Cats (@StockCats), they all seem to focus on pretty similar risks facing the financial markets.