Bitcoin is now a new currency that people are starting to talk about, the money of the future. Bitcoin is also just a big experiment, with no guarantees and we might be wasting our time exploring its concepts and ideas. It is at the crossroads of technology, philosophy, politics, and everything, exploring the ways and means of settling into the financial system. Bitcoin was created to provide an alternative to the banking system. This paper discusses Bitcoin, its genesis, opportunities, risk and possibilities, regulations.