Bitcoin is best described as a decentralized digital cryptocurrency. This means there is no central bank or governments involved in the issuing of Bitcoins. It is claimed to be one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. Bitcoins are also virtual and cannot be printed. Balances of Bitcoin tokens are kept using public and private “keys”, which are basically long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them. Bitcoin investors may not be able to withdraw the cryptocurrency, but they can use it to buy/shop online