Bitcoin, the latest Internet phenomenon branded as a game-changer. It is a revolution in financial system and money creation mechanics which currently holds the market of almost 13 billion USD. At the same time, its inner working is presented as hard to understand but perfectly trustworthy and safe. This trust is what gives Bitcoin value, however due to its mystical creator and recent headlines with negative connotation, what to really make of it? - In this paper we try to explain the Bitcoin and present the latest related research to provide a discussion ab out its potential impact on economy, financial world and society.