As follow Bitcoin' website
"Bitcoin is an innovative payment network and a new kind of money." It is less easier than we can think therefore i will not explain you what is it.
It this video you will find all answer at your questions : What is Bitcoin? (v1) by WeUseCoins.
Up To How Much ?
According to Mark Yuskow who is Morgan Creek Capital Management' CEO Bitcoin will rise up to 100 000$ : "there would be the transition from web 2.0 to 3.0 thanks to the emergence of crypto currencies". This hypothesis is plausible, but Citigroup sees even bigger things with amounts reaching 300,000$ but personnaly I think Bitcoin will not exceed during 2021' years hope. Remeber In 2017, Bitcoin up to 20000$ and four months later Bitcoin had dropped to 7000$ so do not make too hasty conclusions and let time show us what will it happen.
I apologize for any mistakes due to my native language that is french. :)
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