Chicago Tribune

Robert Reed: One man's quest to comprehend cryptocurrency

If you ask me to stand on one leg and quickly describe what bitcoin is, I'd fall down.

Like the vast majority of people, I really don't understand this emerging, digital alternative to cold, hard cash and what it's ultimately supposed to accomplish, or why anyone would want it in their 401(k) retirement account.

Nonetheless, bitcoin is gaining popularity and notoriety with large and small investors, regulators and Chicago's two global exchanges, which in a few days will start trading bitcoin futures.

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