Bitcoin – it is a topic that can evoke strong emotions, especially since the rollercoaster ride its value took last year. It has been a bumpy ride, but that could be part of what makes it so exciting.
In just about every country in the world where there is reliable internet access, someone will know somebody who was making money during the Bitcoin boom. Or someone who made a lot of money at a Bitcoin casino.
But that is so much more to Bitcoin than just its market value. Contrary to what you might think, it is not the new kid on the block. This is the first ever successful cryptocurrency and the one that has ignited imagination worldwide.
It has all the makings of a captivating story. To start off with, no one knows the true identity of Satoshi Nakamoto. It is a complete mystery – where is he or she from? Where is he/her now? It is a great mystery that keeps people intrigued and speculating.
It gets more interesting as you learn more. Bitcoin was the underdog, pitting itself against the major players in the financial services industries. The major banks started out trying to get it shut down, but Bitcoin won the day.
Now the financial services industry is starting to look at ways to incorporate the underlying tech into their own systems for additional security.
We also have a rags to riches story here. Initially, Bitcoin was worth nothing. It has since become a highly sought-after commodity. But the value has also been a cause for excitement – it fluctuates wildly.
In November of last year, it more than doubled in value, only to halve again less than a month later. No one could ever say that the Bitcoin ride is a boring one.
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Are you keen to learn more? Check out the infographic below for more facts about this exciting crypto.
A Quick Overview of the Bumpy Bitcoin Ride