B1 – Intermediate
Bitcoin is a type of digital currency that isn’t controlled by any government or bank. It’s created and managed using a technology called blockchain. People can use Bitcoin to buy things online or trade it like stocks. Its value can change a lot and there’s only a limited amount of Bitcoin that will ever exist.
Listen to this audio and read the transcript about Bitcoin being at a record high.
https://www.newsinlevels.com/products/bitcoin-at-a-record-high-level-2/
Vocabulary Questions:
- What does “cryptocurrency” mean, “The cryptocurrency hit 69,202 dollars and surpassed its peak in November 2021.” Use it in a sentence.
- What does “surpass” mean? “The cryptocurrency hit 69,202 dollars and surpassed its peak in November 2021.” Give two (2) synonyms or similar expressions and use ‘surpass’ in your own sentence.
- In trading, what does the term “spot” mean? “Investor interest increased rapidly after the Securities and Exchange Commission approved 11 spot bitcoin ETFs.” Use it in a sentence.
Discussion Questions:
- What are your thoughts on Bitcoin and other cryptocurrencies?
- What are the potential risks and benefits associated with investing in Bitcoin? Elaborate.
- What are some potential factors driving the fluctuations in Bitcoin’s value
- How might the fluctuation in Bitcoin’s value impact investor sentiment and the market?
- Why do you think more people are becoming interested in Bitcoin? Explain.