Taking the Crypto out of Cryptocurrency: What you need to know about bitcoin

If someone told you about an investment that has made some people millionaires overnight and has both a number of high-profile supporters and a global reach, would you be tempted to invest? If you were then told that the same investment also could lose most or all of its value almost overnight, and you might not have access to your money when you need it, how would it sound now?

You've just confronted the debate surrounding the digital phenomenon known as Bitcoin — an alternative currency that exists strictly as digital code. 

Hi, I’m John Gigliello, CERTIFIED FINANCIAL PLANNER™ with the Albany Financial Group and you’re listening to Invest in Knowledge, a podcast about all things financial. After a life-altering health issue at age 39, my calling in life became clear: To share my knowledge of personal finance with PEOPLE who are looking to make smart and responsible choices with their money. Only through education, action and accountability can YOU build the confidence and security YOU need to live a SATISFYING life.

When it comes to Bitcoin, if you're wondering what all the fuss is about, I’m going to give you a brief introduction to Bitcoin, how it works, and some of the potential pitfalls it presents.