Cryptocurrency craze


BITCOIN. IT’S THE DIGITAL CURRENCY THAT’S SKYROCKETED IN VALUE OVER THE LAST FEW WEEKS. BUT. WHAT IS IT? HOW DOES IT WORK? THANKS FOR BEING WITH US AT SIX THIRTY. I’M NADINE WOODWARD. THOSE ARE THE QUESTIONS WE’RE WORKING FOR YOU TO FIGURE OUT! OUR JACK FERRIS SPOKE WITH TWO LOCALS WHO ARE INVESTED IN NOT JUST BITCOIN, BUT OTHER FORMS OF CRYPTO-CURRENCY… THAT’S RIGHT NADINE – IF YOU’RE TIRED OF BITCOIN, A DIGITAL CURRENCY CREATED IN 2009, SOON YOU’RE GOING TO START HEARING ABOUT LITECOIN, ETHERIUM, Z-CASH, AND A HANDFUL OF OTHER CRYPTOCURRENCIES. IF YOU THINK ALL THESE NEW FORMS OF DIGITAL CASH ARE HARD TO KEEP TRACK OF- THEIR EVER-CHANGING VALUE IS EVEN TOUGHER. SOUND ADAM CHRONISTER :02 A bitcoin could go up or down, you know, $100 in the time it takes to do this interview. wild west value phase, SOUND ADAM CHRONISTER :54 You may wake up one day, and you get more, you know, more Canadian dollar for your US dollar. Or the next day, it went down and you say ‘Ok I’m not getting as much,’ It’s the same principal.W9 26 Same principal. on a much larger scale. full screen On December 14th 2016, 1 bitcoin was worth about $770 dollars. …and Thursday afternoon. the same piece of digital data. is worth nearly $17,000. an annual increase of well over 21 hundred percent. Because so few people spend bitcoin in their day to day lives, it’s a low risk investment for bars and restaurants to accept the digital dollar. While there’s few in Spokane, experts believe you’ll soon see more and
more crypto currency friendly establishments especially in international cities SOUND MARIANNE BORNHOFT :27 You know Crypto Currency doesn’t know boundaries, it doesn’t know countries, and it’s easy to transfer As a real estate agent, Marianne Bornhoft knows a thing or two about investments. and the Bitcoin Craze is making a huge impact on her industry SOUND MARIANNE BORNHOFT Today I found out there’s someone in England that wants $14 million and you can buy their house only in bitcoin. There’s someone, you know, in New York that says ‘I’ll sell my house for 20 bitcoins.’ If you want to invest – feel free. but proceed with caution SOUND ADAM CHRONISTER Just like you would invest in a company. understand what these things are backing before you put any money in it. IF YOU STILL DON’T
UNDERSTAND BITCOIN AND CRYPTO-CURRENCIES. DON’T WORRY. AS FAR AS BITCOIN VALUE. COMPUTER SECURITY LEGEND JOHN MCAFEE BELIEVES BY THIS TIME NEXT YEAR. BITCOINS COULD BE VALUED AT 40 THOUSAND DOLLARS EACH. REPORTING FROM STUDIO, JACK FERRIS KXLY4 NEWS

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