Unraveling The Mysteries of Bitcoin

Bitcoin is a cryptocurrency, a type of digital, private money that operates without a bank or government's involvement. Bitcoin is a cryptocurrency, an electronic version of cash that verifies transactions using cryptography.

This independence from central authorities is key to understanding the beginnings of Bitcoin, which was first formalized by a person identified only as "Satoshi Nakamoto" in an October 2008 whitepaper. Working with various cryptography mailing list members, the pseudonymous Nakamoto launched Bitcoin on January 3, 2009.

Bitcoin trades on online exchanges, and since its price has mushroomed since its 2009 debut, it's increasingly attracting investors' interest.

As an investment asset, bitcoin offers capital appreciation and an inflation hedge, but its volatile price swings make it a high-risk, long-term investment.
Scarcely a news cycle goes by without some mention of Bitcoin.

Even by its standards, the cryptocurrency was having an intense moment in the fall of 2020 and the beginning of 2021.

First, its prices on trading exchanges tumbled around Thanksgiving — only to roar back and set an all-time high of $57,857 in February 2021.


Please subscribe and comment ‪@InvestorsTradingAcademy‬