Over the past few weeks, I have been bombarded with questions about Bitcoin. Some have a rudimentary understanding, others know nothing other than the urge to find out what it is. A handful are even aware of Ethereum, but no other alts.

Yes, there is a notion of it existing and doing something. The majority of assumptions are that it is a savings account or stock, and the unspoken question is always: what problem does it solve?

Bitcoin makes banking more efficient and easier in some ways but does not really solve anything there. It seems the solutions are outside of basic banking, being more in the realm of higher finance and other industries that have a chain of accountability or tracking. That includes virtually every business and myriad private activities.

Price is still the main driver of interest. It may be another cycle or two before the real solutions start diffusing through the business world and attaining mainstream comprehension.

I have been explaining Bitcoin's value as being akin to a language - we can all use it; directly changing it is effectively impossible; the value is difficult to quantify but undoubtedly sky-high.