Level 1 | Level  2 | Level 3 | Answers

Bitcoin has hit its highest ever price. Recently, Bitcoin has been as high as $60,000 for one Bitcoin. One year ago, Bitcoin was only $6500 for one coin. The increase in price is similar to previous times when Bitcoin went up quickly before going back down. This time, Bitcoin has gone much higher than it ever did before. The previous record for Bitcoin was set in 2018 when it almost reached $20,000. Days after the record, the price fell by 30% in one day. Two months later, it was worth around $6000. The huge changes in Bitcoin price have made many people unsure about the cryptocurrency.

Some people who like Bitcoin think it will be the future of money. Bitcoin is completely separate from any government or company. Because it is separate, it can be more anonymous than regular money. Fans of Bitcoin like that it is free from the rules of different countries. It can be easy to transfer money to different countries and send money around the world. However, because it is so private, it can also be used for crime.

Bitcoin was the first cryptocurrency. Now there are many more cryptocurrencies. Many have been made because of how popular Bitcoin is. Not all of them can be trusted though. It is easy for people to get tricked when using cryptocurrency. This means they can lose money easily. The people that know what they are doing can make lots of money. Maybe in the future, we will be using cryptocurrencies every day.

Difficult words

Increase (v): To rise or become more.

Previous (adj): Happening before something else.

Cryptocurrency (n): A digital form of money that is not organised by any government or company.

Separate (adj): To be apart form something else, not together.

Anonymous (adj): For no one to know who you are.

Trick (v): Making someone believe something that is not true.

Activities

For listening practise, listen to the recorded article here:

American English Audio:

Match the Synonym!

1. IncreaseA. Money
2. Previous B. Apart
3. Cryptocurrency  C. Secret person.
4. Separate D. Before
5. Anonymous  E. Rise

True or False?

1. Bitcoin’s highest ever price was $6,500 for one coin. T / F

2. The price of Bitcoin changes a lot. T / F

3. Some people think Bitcoin will be the future money. T / F

4. Bitcoin is not connected to any country. T / F

5. Bitcoin was the second cryptocurrency ever. T / F

Unscramble the sentence!

  1. hit / price / highest / ever / Bitcoin / has / its

2. $6500 / One / year / was / ago, / Bitcoin / only

3. to / transfer / It / be / easy / money / can

4. was / Bitcoin / first / cryptocurrency / the

5. can / all / be / Not / them / trusted / of

Listening and Vocabulary

Listen to the article and fill in the words OR practice vocabulary and fill in the words.

American English Audio:

PrivateCompletelyUnsure
EasilyHighestPopular

Bitcoin has hit its (1)__________ ever price. Recently, Bitcoin has been as high as $60,000 for one Bitcoin. One year ago, Bitcoin was only $6500 for one coin. The increase in price is similar to previous times when Bitcoin went up quickly before going back down. This time, Bitcoin has gone much higher than it ever did before. The previous record for Bitcoin was set in 2018 when it almost reached $20,000. Days after the record, the price fell by 30% in one day. Two months later, it was worth around $6000. The huge changes in Bitcoin price have made many people (2)_________ about the cryptocurrency.

Some people who like Bitcoin think it will be the future of money. Bitcoin is (3)_____________ separate from any government or company. Because it is separate, it can be more anonymous than regular money. Fans of Bitcoin like that it is free from the rules of different countries. It can be easy to transfer money to different countries and send money around the world. However, because it is so (4)__________, it can also be used for crime.

Bitcoin was the first cryptocurrency. Now there are many more cryptocurrencies. Many have been made because of how (5)__________ Bitcoin is. Not all of them can be trusted though. It is easy for people to get tricked when using cryptocurrency. This means they can lose money (6)_________. The people that know what they are doing can make lots of money. Maybe in the future, we will be using cryptocurrencies every day.

Conversation Questions

Take turns speaking with a partner or try to answer on your own:

1. Did you find this article interesting? Why or why not?
2. Did you learn anything new from this article? If so, what?
3. What do you think of this story?
4. What do you think about cryptocurrencies like Bitcoin?
5. Do you think Bitcoin will continue to increase in value?
6. Do you think cryptocurrencies are risky?
7. Do you think cryptocurrencies will become regularly used in the future?
8. Should the world have one currency?
9. How important is privacy when it comes to money?
10. Is the privacy that Bitcoin provides good if it helps criminals?
11. What do you think about Tesla accepting Bitcoin as a payment on their website?
12. Do you think more companies will start accepting Bitcoin in the future?
13. Are cryptocurrencies too difficult for regular people to understand?
14. Do you think people would be nervous to use cryptocurrencies as regular money?
15. Do you think Bitcoin will become more stable in the future?
16. Are cryptocurrencies often used in your country?
17. Is investing in cryptocurrencies the same as gambling?
18. In your country, what do people usually invest their money in?
19. Have you ever bought a cryptocurrency?
20. What is the best use for cryptocurrencies?