Bitcoin has been around for years
now and has become increasingly popular as another form of currency.
More and
more establishments around the world are adopting bitcoin and have put up their
own infrastructures to support it. Bitcoin however is still in its toddler
stage and is still quite unstable. Its limited quantity puts it value somewhere
along precious metals and company shares in the stock market. In that regard,
bitcoin is still a very risky venture and its value can increase or increase
very sharply. 
As this form of currency gets
more secure and more popular, it’s steady and sometimes sharp increases in
value makes it more and more appealing. Majority of bitcoin owners can be
traced to the United States and the rest of bitcoin adopters are in Canada, Japan,
China and many countries in Europe. Bitcoin however, is treated differently in
the countries they’re traded in according to their own respective financial
laws. As a sign of continued adoption, the US is currently in the process of
making tax rules for bitcoin. In China, individuals are currently allowed to
trade bitcoins but financial institutions are prohibited to prevent money
laundering and in Norway, bitcoin is defined as an asset but not as money and
becomes subject to sales tax.
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