What is Bitcoin, How to Buy and How Transaction Works
Bitcoin has become one of the buzzwords in the market that has gained traction ever since this virtual currency touched an all-time high in April this year. This biggest virtual currency hogged the space after Tesla’s CEO Elon Musk made a statement, “That he himself owns cryptocurrency ranging from Bitcoin, Ethereum, Dagecoin.” This statement led to a sharp rally in cryptocurrencies, so much so, that Bitcoin touched an all-time high at $65,000 mark. This investment avenue is being discussed across the world, but the more it rally’s the more it leaves keen investors in lurch, who are struggling to understand the intricacies of the cryptocurrencies like How can we buy it? Is it a safe avenue for investment?
What is Bitcoin?
The concept of bitcoin can be traced back to a white paper published in 2018 by Satashi Nakamoto. The currency which has surged over $48000 at the time of this article was hovering over $12 in 2013. Bitcoin, to say least, is a virtual currency and is an online cash that changes hands over internet. As of now, there are plethora of services one can avail using these virtual currency.
Read here about Ethereum price.
And here about markets data.