Bitcoin is a cryptocurrency whose origins are shrouded in mystery and whose current circumstance no one could’ve predicted. This is a currency that’s completely online and not tied to any central bank.
Instead, it’s verified by individuals in an open ledger available for all to see. It was created in 2009 by an anonymous person called Satoshi Nakamoto, a Japanese man’s name as common as John Smith in America.
After being steady for years, the price of bitcoin has taken off since January of last year, and has been on an absolute tear since November. At the time of writing, it’s over $9,000.
It first broke the $1,000 threshold on Jan. 1, 2017, and reached $19,000 in December of that same year.
Afterward, it lost 50% of its value, only to begin a dramatic climb back up. Since it’s not tied to any bank, bitcoin is unregulated and its control decentralized. Read more from bigthink.com…
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