What will Bitcoin do next?

  • 5 years ago
Cash & Bitcoin | What will Bitcoin do next?

In the past 10 years, the price of Bitcoin has soared to levels of over $20,000 (in Dec. 2017), compared to a price of just $0.003 in Mar. 2010. This extreme surge in value can be associated with the characteristic of Bitcoin being scarce. The number of Bitcoin that will ever be created is limited to 21 million coins. Bitcoin also has the benefit of being nationless, meaning Bitcoin cannot be influenced, manipulated, or censored by any nation or central government. Bitcoin is decentralized and distributed in an open and public ledger (called a blockchain) that is not controlled by any one central body or institution. Bitcoin is both fast and secure to use, you can take your coins with you anywhere you go. You can send a Bitcoin payment to transfer funds directly to friends or family anywhere around the world in seconds.

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