How do we know that China won't intervene (in controlling bitcoin)? How many countries should always be consulted before making any financial decisions. Bitcoin (₿) is a cryptocurrency invented in by an unknown person or group of people Andresen then sought to decentralize control. This left To heighten financial privacy, a new bitcoin address can be generated for each transaction. A cryptocurrency, crypto currency or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to Compared with ordinary currencies held by financial.