This report examines the role of Bitcoin, the world’s most well-known cryptocurrency, and its effects on the financial system. Experts Nuno Lima da Luz and Bernardo Mota Veiga contribute analysis to the discussion. The piece explores both the potential benefits and inherent risks associated with Bitcoin. It delves into whether Bitcoin represents a genuine innovation in finance or simply a speculative investment. The analysis considers Bitcoin’s impact on traditional financial structures and its potential for future growth or instability. Ultimately, the report aims to provide a balanced perspective on this increasingly prominent digital asset.