Bitcoin, a virtual currency that is now used to pay for many online services, has taken on a life of its own.
The cryptocurrency has gained more than 100% in value over the past few years.
Many people are using Bitcoin for everyday activities like buying goods or services and investing in cryptocurrencies.
The $1 million in Bitcoin given to the Olympic Gymnasts is a token of appreciation for the team, who won silver in the women’s gymnastics competition.
The team has also announced it will donate $2.4 million to charity.
This story is developing.
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