Bitcoin at a Record High

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:

  1. What does “cryptocurrency” mean, “The cryptocurrency hit 69,202 dollars and surpassed its peak in November 2021.” Use it in a sentence.
  2. 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.
  3. 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:

  1. What are your thoughts on Bitcoin and other cryptocurrencies?
  2. What are the potential risks and benefits associated with investing in Bitcoin? Elaborate.
  3. What are some potential factors driving the fluctuations in Bitcoin’s value
  4. How might the fluctuation in Bitcoin’s value impact investor sentiment and the market?
  5. Why do you think more people are becoming interested in Bitcoin? Explain.
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