#122: Bitcoin

⚡️ "The British Comedy Challenge" starts Monday, 11th August: https://bit.ly/BritishComedyChallenge

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It's the most famous cryptocurrency in the world, and went up in value by 269% in 2020.

In this episode, we take a look at what it actually is, how it works, why some people think it is the future of money and others think it is a giant bubble.

• How 'traditional' money works • Banks and storing money • 1971 and leaving the gold standard • Inflation • Satoshi Nakamoto & the Bitcoin whitepaper • Principles of bitcoin • How bitcoin payments work • How the blockchain works • Bitcoin and inflation • Why the bitcoin price goes up and down • Buying things with bitcoin • The first pizzas bought with bitcoin • Why people don't like bitcoin • The US Federal Reserve & bitcoin

Full interactive transcript, subtitles and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/bitcoin

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Keywords: Learn English, idioms, aprende inglés, idiomas, aprender inglês, apprendre l'anglais, imparare l’inglese, ingilizce öğren,英語を習う, تعلم الإنجليزية