Online cryptocurrency educational resource, BitExplosion, releases a new market report on Bitcoin and its viability as a mainstream investment asset. The report discusses the history of Bitcoin and how it has reached its level of popularity.
London, United Kingdom - October 28, 2021 /PressCable/ —
The latest market report discusses Bitcoin’s future as a traditionally traded investment asset. The report, called “Bitcoin – The First And Largest Cryptocurrency Is Not Just For The Dark Net Anymore”, projects that the value of the cryptocurrency will strengthen in the next few months as more investors become interested in trading it.
More details can be found at https://bitexplosion.io/bitcoin-the-first-and-largest-cryptocurrency-is-not-just-for-the-dark-net-anymore
The new resource details a concise history of Bitcoin and how it has rapidly become one of the most high-yield investment prospects to date. While originally traded on the dark web, the utility token is now becoming a mainstream asset, with a recent record-high valuation of over $66,000 during the first few weeks of October 2021.
The concept of Bitcoin was originally discussed in a white paper in October 2008 by Satoshi Nakamoto, a still-unknown individual using a pseudonym. The token was described to be a peer-to-peer electronic cash system that was made in direct response to the global economic crisis. As more people became disillusioned with traditional banking systems, a then-unknown type of digital currency was being developed.
The goal of this new type of currency was to eliminate the complex regulations of standard marketplaces and trade assets in a decentralized platform. The result was cryptocurrency, which used utility tokens that were traded using a proof-of-work smart contract.
Bitcoin was the first coin to be created, with the first batch of 50 bitcoins traded in January 2009. Since then, it has grown exponentially to over 18.8 million units.
The cryptocurrency is now the largest token being traded in the decentralized finance (DeFi) industry. Other tokens, known as altcoins, were created to compete with Bitcoin, but still have yet to reach their level of popularity or acceptance.
The report suggests that new investors can begin mining for the token now, as it is still on its rising speculative wave. Supporters of Bitcoin see its value extending beyond a digital currency system and heralding a new era of financial investments.
Interested parties can find more information by visiting https://bitexplosion.io/bitcoin-the-first-and-largest-cryptocurrency-is-not-just-for-the-dark-net-anymore
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
Release ID: 89050843