Bitcoin is a decentralized digital currency created in January 2009. … Bitcoin is known as a type of cryptocurrency because it uses cryptography to keep it secure. Each Bitcoin is basically a computer file which is stored in a ‘digital wallet’ app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
The overwhelming performance of bitcoin — as a currency and investment — has attracted traditional and institutional investors alike. Is Bitcoin a good investment? To be fair, it offers you several advantages over traditional investments.
A collective insanity has sprouted around bitcoin over the last decade. It’s hard to predict whether this cryptocurrency will become the global reserve currency or a store of value as widely accepted as gold. The thrill of riches or ruin leaves some investors wary, but others want to chase the chance for massive profits from investing in bitcoin. Bitcoin is certainly a revolutionary technology, and less risky in 2021 than it was in 2012.