Bitcoin is a cryptocurrency which has no central authority (such as a government or CEO) and all transactions are published on a public ledger known as a blockchain. Bitcoin was first invented in 2009 by an anonymous founder known as Satoshi Nakamoto.
The transactions are verified and broadcast to the network every 10 minutes in what is known as a “block”. A block is more simply thought of as a cluster of verified transactions, which when broadcast connect to the previously authorised transactions, and hence form a chain.It was originally described as a peer-to-peer electronic cash but the technology has evolved to be thought of more as a settlement layer or store of value rather than a payment network. Because of these properties many have led the chorus to call Bitcoin both an inflation hedge, and digital gold. Apple co-founder Steve Wozniacki went a step further when he said Bitcoin is better than both physical gold, and the USD.
“Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.”
Steve Wozniacki, Apple.
Twitter CEO Jack Dorsey believes Bitcoin will become the single global currency. Irrespective of this commentary, Bitcoin has remained the dominant cryptocurrency since inception.
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Below you can find our most recent articles/analysis on Bitcoin, it’s current price and future…
As part of our 2021 prognostications Matt, Duncan and I whipped out the Ouija board Jan 1 to summon the great spirit of Satoshi Nakamoto
Bitcoin is confidently, quietly, and gracefully breaking all-time highs, and yet only those that are currently holding or in the industry are paying attention.
In 2020, Bitcoin is emerging as a viable money for institutional investors. With a current market-cap of $330 billion we consider a trillion.
What it is, and why it is crucially important. Bitcoin miners are in many ways the guardians of the blockchain, insofar that they protect the
Bitcoin price manipulation is becoming evident, interesting price moves are to be expected, meanwhile the world is collapsing, anarchy is spreading.
This month we saw riots in the US, Hong Kong taken by Beijing, the Economic War heat up and Goldman Sachs take on Bitcoin, Gold and Inflation.
All markets are heavily manipulated Here it is, the 12th edition of The FUD, where I talk about the biggest FUD of the week. I
Bitcoin has had detractors from time to time who criticise its ability to be recognised as a true financial asset. Here we take a look at how Bitcoin derives its value and why the asset will not fail.
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