If you’re a small business owner who has heard of Bitcoin but, like most people in the world, you still have no idea what the point of it is, you’re in luck! Award winning designer, director, and animator Duncan Elms has produced what Fast Company describes as a “hallucinatory animated video” to explain it. (Or, perhaps, you’re not in luck. You’ll have to decide.) Note: Bitcoin is highly speculative and some of the numbers in the video are out of date.

Quote:

There are some incredibly thorough write-ups about Bitcoin on the web, but if you want to learn about the world’s first all-digital currency, there are few ways more enjoyable than this beautifully animated three-minute short. So what is Bitcoin? Essentially, Bitcoin is a digital currency created by a decentralized network of millions of computers. In the end, the idea of Bitcoin is one of a self-stabilizing currency that cannot be tampered with by banks and governments. Just be warned that Bitcoin is especially volatile right now, making some of this video’s exact figures a little out of date.

Video:

Read full story: The Insanity Of Bitcoin, Explained (Fast Company)

For more information, check out Bitcoin on the small business Wiki.