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.
Here at Mine Digital, we are not only a Cryptocurrency exchange, we are a central source for all things Digital Assets and Cryptocurrency.
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.
Bitcoin has broken its all-time-high overnight. The relentless risk in bid may have begun despite the S&P500 held up with structural issues.
Morning Traders, With no major selloff halfway through December (but with weird moves in markets still likely in the second half of the month) and
Bitcoin looks to continue its momentum lower today after capital market correlations began to weaken with no clear direction.
After last night we might see the bearish wave in December – whatever that looks like. Trading in Bitcoin should be good either way.
Cryptocurrencies had a strong selloff overnight with many alts lower by almost 10%. With S&P500 hitting new all time highs we watch to see which market is correct.
Morning Traders, Risk assets have struggled overnight although more or less trading sideways. They are in a place where they need to take off to
This week we are keeping a close eye on the first 12-36 hours of markets to judge a theme for the week. Bitcoin price could be volatile.
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