Bitcoin: Simply Explained

Let’s get back to talking about different blockchains. Bitcoin is what started the crypto craze. I remember back in 2010, my buddy wanted to figure out how to buy a few bitcoin and was trying to convince me too. If only I had agreed, and if only he hadn’t lost that hard wallet…

Bitcoin $BTC is a decentralized digital currency created in January 2009 by the mysterious and pseudonymous Satoshi Nakamoto. No one truly knows who created the currency. Bitcoin promised lower transaction fees than traditional online payment mechanisms do, but clearly, that hasn’t happened. As with most crypto, it is operated by a decentralized authority.

Currently, $BTC is sitting around $40k, and it hit its all time high 6 months months ago, topping out at $69k. Bitcoin has the largest marketcap of all, $770 billion. More than double it’s nearest competitor, Ethereum.

Has it bottomed out? Should we buy in? Or does it have further to sink in the current bearish crypto market?

Join the discussion on reddit, r/CryptoCraversLLC

linktr.ee/CryptoCravers