Bitcoin is the most popular and the first-ever introduced digital currency, created in 2009 as an open source software by the pseudonym Satoshi Nakamoto.
Bitcoin is a peer-to-peer version of electronic cash that allows online payments to be sent directly from one party to another without going through a financial institution. Although there are more than a thousand cryptocurrencies in use today, bitcoin is by far the most widely used – the closest cryptocurrency equivalent to traditional, state-minted currencies.
Bitcoin is currently trading at $6,633.35 with the market cap of 113.7 billion USD. The current 24-hour volume of Bitcoin is $4,303,260,000.
Let's discuss the pros and cons of Bitcoin:
Every cryptocurrency has its own pros and cons. That doesn’t make them unnoteworthy. As the experts have stated in their predictions that the cryptocurrency market is going to take over pretty soon. The market is being controlled mainly by ‘Bitcoin’. BTC’s impact is way higher than its peers. Whenever it comes to investment, there is a certain amount of risk associated with it by default. But one thing is undeniable,i.e. cryptocurrencies are one of the greatest creation humans have ever experienced.
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