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How Betting On Bitcoin Is Turning Big Profits | NBC Nightly News

BUT WHAT IS BITCOIN AND WHY ARE SOME EXPERTS SO WORRIED? AND WHY ARE SOME EXPERTS SO WORRIED? HERES NBCS TOM EXPERTS SO WORRIED? HERES NBCS TOM COSTELLO HERES NBCS TOM COSTELLO

>> I THINK BITCOIN COSTELLO >> I THINK BITCOIN HELPED US PAY FOR THAT >> I THINK BITCOIN HELPED US PAY FOR THAT ITEM HELPED US PAY FOR THAT ITEM >> Reporter: IN ITEM >> Reporter: IN INDIANAPOLIS SIERRA >> Reporter: IN INDIANAPOLIS SIERRA AND BRADS PLANS FOR A INDIANAPOLIS SIERRA AND BRADS PLANS FOR A BIG JUNE WEDDING HAVE AND BRADS PLANS FOR A BIG JUNE WEDDING HAVE SUDDENLY GOTTEN A LOT BIG JUNE WEDDING HAVE SUDDENLY GOTTEN A LOT BIGGER AFTER HER DADS SUDDENLY GOTTEN A LOT BIGGER AFTER HER DADS $10,000 BET ON BIGGER AFTER HER DADS $10,000 BET ON BITCOINS QUADRUPLED $10,000 BET ON BITCOINS QUADRUPLED JUST SINCE OCTOBER

BITCOINS QUADRUPLED JUST SINCE OCTOBER >> AS A MATTER OF JUST SINCE OCTOBER >> AS A MATTER OF FACT, WHY NOT GO EVEN >> AS A MATTER OF FACT, WHY NOT GO EVEN BIGGER? FACT, WHY NOT GO EVEN BIGGER? LETS GO GRANDER BIGGER? LETS GO GRANDER >> Reporter: TO LETS GO GRANDER

>> Reporter: TO UNDERSTAND BITCOINS >> Reporter: TO UNDERSTAND BITCOINS THINK OF IT AS A DIGIT UNDERSTAND BITCOINS THINK OF IT AS A DIGIT AT DEBIT CARD THINK OF IT AS A DIGIT AT DEBIT CARD THERES NO BITCOIN AT DEBIT CARD THERES NO BITCOIN CASH THERES NO BITCOIN CASH

ITS VIRTUAL MONEY CASH ITS VIRTUAL MONEY THAT TRAVELS THE WORLD ITS VIRTUAL MONEY THAT TRAVELS THE WORLD BUT WITHOUT ANY THAT TRAVELS THE WORLD BUT WITHOUT ANY COUNTRY OR CENTRAL BUT WITHOUT ANY COUNTRY OR CENTRAL BANK BACKING IT UP COUNTRY OR CENTRAL BANK BACKING IT UP ITS SIMPLY WORTH WHAT BANK BACKING IT UP ITS SIMPLY WORTH WHAT OTHERS WILL PAY FOR ITS SIMPLY WORTH WHAT OTHERS WILL PAY FOR IT

OTHERS WILL PAY FOR IT AND THIS YEAR THEYRE IT AND THIS YEAR THEYRE PAYING A LOT AND THIS YEAR THEYRE PAYING A LOT UP 1600% SINCE PAYING A LOT

UP 1600% SINCE JANUARY UP 1600% SINCE JANUARY GOING FROM THE JANUARY GOING FROM THE CURRENCY OF CRIMINALS GOING FROM THE CURRENCY OF CRIMINALS FROM MAINSTREAM WITH CURRENCY OF CRIMINALS FROM MAINSTREAM WITH SOME VERY BIG NAMES FROM MAINSTREAM WITH SOME VERY BIG NAMES STARTING TO ACCEPT IT SOME VERY BIG NAMES STARTING TO ACCEPT IT AS PAYMENT STARTING TO ACCEPT IT AS PAYMENT

AND CONVERTIBLE INTO AS PAYMENT AND CONVERTIBLE INTO DOLLARS AND CONVERTIBLE INTO DOLLARS DESPITE ITS METEORIC DOLLARS DESPITE ITS METEORIC RISE, THE QUESTION DESPITE ITS METEORIC RISE, THE QUESTION HERE ON WALL STREET IS RISE, THE QUESTION HERE ON WALL STREET IS WHETHER BITCOINS ARE HERE ON WALL STREET IS WHETHER BITCOINS ARE GOOD INVESTMENT FOR WHETHER BITCOINS ARE GOOD INVESTMENT FOR AVERAGE AMERICANS OR GOOD INVESTMENT FOR AVERAGE AMERICANS OR IS IT A BUBBLE READY AVERAGE AMERICANS OR IS IT A BUBBLE READY TO BURST? IS IT A BUBBLE READY TO BURST? SKEPTICS INCLUDE TO BURST? SKEPTICS INCLUDE BILLIONAIRE WARREN SKEPTICS INCLUDE BILLIONAIRE WARREN BUFFETT AND THE CEO OF BILLIONAIRE WARREN BUFFETT AND THE CEO OF JPMORGAN CHASE

BUFFETT AND THE CEO OF JPMORGAN CHASE >> I COULD CARE LESS JPMORGAN CHASE >> I COULD CARE LESS WHAT BITCOIN TRADES >> I COULD CARE LESS WHAT BITCOIN TRADES FOR, HOW IT TRADES, WHAT BITCOIN TRADES FOR, HOW IT TRADES, WHY IT TRADES, WHO FOR, HOW IT TRADES, WHY IT TRADES, WHO TRADES IT WHY IT TRADES, WHO TRADES IT IF YOURE STUPID TRADES IT

IF YOURE STUPID ENOUGH TO BUY IT, IF YOURE STUPID ENOUGH TO BUY IT, YOULL PAY THE PRICE ENOUGH TO BUY IT, YOULL PAY THE PRICE ONE DAY YOULL PAY THE PRICE ONE DAY >> Reporter: MANY SAY ONE DAY >> Reporter: MANY SAY FAMILIES AND SMALL >> Reporter: MANY SAY FAMILIES AND SMALL INVEST FAMILIES AND SMALL INVEST INVESTORS SHOULD USE INVEST INVESTORS SHOULD USE CAUTION INVESTORS SHOULD USE CAUTION

>> ITS A GAMBLE THAT CAUTION >> ITS A GAMBLE THAT MIGHT GIVE YOU BETTER >> ITS A GAMBLE THAT MIGHT GIVE YOU BETTER UP SIDE ODDS THAN MIGHT GIVE YOU BETTER UP SIDE ODDS THAN PLAYING CRAPS IN A UP SIDE ODDS THAN PLAYING CRAPS IN A CASINO PLAYING CRAPS IN A CASINO CASINO CASINO CASINO >> Reporter: BUT FOR

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