Bobby Lee, co-founder and CEO of leading Bitcoin financial platform BTCC, discusses how the digital currency is the first to have a set value and be transferable, like physical money. He also goes over Bitcoin's decentralized nature, how its value is derived from its finite nature, and how it will enable a global network for payments once it's widely adopted.

Entrepreneur Bobby Lee discusses the irony of Bitcoin: The cryptocurrency's promise of immediate transfer of value is slowed by the cumbersome nature of how funds are transferred now. Lee, co-founder and CEO of leading Bitcoin financial platform BTCC, says the digital currency's ultimate success depends on complete adoption.

Bobby Lee, co-founder and CEO of the long-running Bitcoin global exchange BTCC, explains how the digital currency carries real buying power at the speed of the Internet. Calling it "the precursor to teleportation," Lee describes how a car could essentially be transmitted across the globe via a Bitcoin payment equal to its purchase price and all associated costs.

BTCC Co-Founder and CEO Bobby Lee recounts the origins of Bitcoin and how its inventor decided it should be issued. Lee explains the "lottery" for acquiring the digital currency, which anyone can enter through a practice known as "Bitcoin mining." He also talks about the mathematically-derived amount of 21 million Bitcoins to be released over a pre-determined timespan.

Because Bitcoin is a decentralized currency and has only recently emerged, presently, no regulatory agency has the authority or expertise to enforce laws, according to Bobby Lee, co-founder and CEO of BTCC, the longest-running global exchange for Bitcoin. He says policies will be put in place soon, though, because the digital currency is an actual financial asset.