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Detailed text transcripts for TV channel - FOXNEWS - 20171209:19:44:00
First of all in laymen terms what is bitcoin? >> it is digital cash. it is what is called crypto currency. it is something that is sort of in the ether of the world. you buy a bitcoin you will not get an actual coin that you take, you will get a percentage of something that has value to it. julie: okay, you take your money out of your bank and you put it in an account with bitcoin? >> right, you would go to bitcoin exchange, kind of the same way you go to a bank and you'd open bank account and put cash in it and the bank would take care of your cash and make sure that it was safe. with bitcoin...
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