Bitcoin 101 & The State of the Industry discusses bitcoin and the current state of the industry. It defines bitcoin as a decentralized digital currency that allows online payments without third parties. It discusses how bitcoin works at a micro level through wallets and addresses, and at a macro level through transaction numbers and market cap. The document also notes challenges facing bitcoin like scalability issues, and opportunities like growing acceptance from major financial institutions. In summary, the document provides an introduction to bitcoin and analyzes its potential and challenges as a digital currency.