What Is Bitcoin ?
#Bitcoin is a Cryptocurrency! a Japanese man called Satoshi Nakamoto Invented Bitcoin back in 2009 and he released the white paper for Bitcoin, Strange thing is he is still Unknown!
Okay in simple terms, Bitcoin is a Digital Currency with No Government Involved and No Bank need to Manage and Verify Transactions!
Why is Bitcoin so Hyped?
Bitcoin runs on the technology called Blockchain! Verification of Transactions is done by a clever system of trustless verification based on Cryptographic hash functions.
#Blockchain is a specific type of database. It differs from a typical database , blockchains store data in blocks that are then chained. Blockchain is immutable and transparent!
Blockchain is Upcoming Big Leap to not only Tech Industry , Agriculture and Many Industries
Use- Cases Of Bitcoin
Transaction cost is very minimal,Unlike Stock Market We can transfer money to any country with very minimal amount.
It is impossible to trace & No Bank gets involved . Generally, Bitcoins are stored in Digital Wallets.
It’s one of the good investment! If you are someone who believes in long-term investment then investing bitcoin is great .
Growth Of Bitcoin
Earlier The value of bitcoin was $0 when it was first introduced in 2009. But , Now Bitcoin The price has reached a new all-time high of over $23,000 in 2020.
#2030 Bitcoin Prediction
Predictions for the future value of bitcoin vary based on who makes the estimate. According to Jeremy Liew, a partner at Lightspeed Venture Partners, bitcoin could reach $500,000 per coin in 2030 . According to the June 2020 #Crypto Research Report, the cryptocurrency could go over $397,000 by 2030
There Hills and Falls in bitcoin after the fall in 2017 bitcoin began to rise