The first time I heard the word “Bitcoin” was in 2016, after I asked a classmate from my Chinese course the slightly intrusive question “What do you do for a living?”.

He replied he was buying and selling “Bitcoins”, an answer I found puzzling, as I had absolutely no idea about cryptocurrencies. After further explanation, I understood it was a digital currency, the value of which is constantly fluctuating, but you cannot use it to purchase goods or services.

I have always been a sceptical person, and so quite naturally deemed Bitcoin as highly suspicious. It really sounded like a scam to me; it could not be that easy to earn money.

Three years passed and I hadn’t heard of Bitcoin again, until a childhood friend at a high school reunion said he had been investing in Bitcoin, forecasting its value would skyrocket in the coming years.

He quickly became the laughing stock of the evening, but no one knew we were just a few months before the…

Read more…