Are Bitcoins Really Worth Anything Or Just A Bubble Waiting To Burst?

Steve kicks off Real Estate Roundup by asking Terry Story if she’s heard of anybody buying a house using Bitcoin.  Terry hasn’t, and Steve goes on to explain that Bitcoin is a new digital currency that’s basically created from a computer, so it’s bits and bytes, and doesn’t really have the backing of a government, gold reserves, or something else of surety or value.  What makes it valuable is that there’s a limited quantity of bitcoins in circulation at any point in time, unlike traditional currencies where central banks can print as much as they want, devalue the currency, and trigger inflation.  Bitcoins also come with inherent anonymity so their owners are shielded from the government’s prying eyes. 10-25-2017