By now, I'm sure most people will know what bitcoin is, but for those of you that haven't ventured into the geeky parts of the interwebs, I'll explain.

Essentially bitcoin is a virtual currency which is generated on your computer. It can be sold to other users or exchanged for services and goods. It has come under fire from law agencies as it has been linked with narcotics websites as a use of payment. Like any currency, the market value of a BitCoin can fluctuate. Recently, BitCoin’s value had skyrocketed, up to nearly $30 US from $5 in a span of about a month.