The Business of Bitcoin

Bitcoin was introduced in 2008 by Satoshi Nakamoto, whose true identity is a mystery. We do know that Bitcoin is a digital currency with big potential. Bitcoin isn’t controlled by a government or bank.

Each transaction is verified by a peer-to-peer network called the block chain through a process known as mining. There have been a hundred million Bitcoin transactions for everything from bagels to bicycles.

But Bitcoin’s value has been extremely volatile.

Many major retailers don’t accept Bitcoin, and there’s concern over its use on black markets.

Bitcoin illustrates the modern link between business and tech. Our online MBA explores management through a global lens of digital technology while giving you the flexibility to keep your world turning.

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