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The third step will be to connect your mobile phone with the device, which is done by Bluetooth, then install the Bitcoin app, add a Bitcoin account, and you are ready to go. While the PIN is the key to your device, the recovery phrase is the key to your coins. So, do this step with the utmost attention, as it will be given to you just this once. The founder became so interested in Bitcoin primarily down to the fact that when he created a successful company, he had a huge cash balance to utilize. He started to look for ways to protect the purchasing power . Of course, £42,000 for a kilo can easily be considered a lot of money, but breaking it down into smaller denominations is how most people would use it. For instance, a kilo can be broken down into 1,000 grams; therefore, the price of 1 gram of gold seems significantly more affordable (£42).