Chances are more than likely you’ve heard of Bitcoin being talked about in the news or on social media, and probably even more so in the last few years. Bitcoin was born in 2008 at the depth of the economic recession and was laid out as a concept of decentralized, digital currency. Follow along this month as we discuss why investing in Bitcoin now holds more promise than it ever has before.
What is Bitcoin?
Bitcoin is monetary currency, more specifically a type of cryptocurrency. Cryptocurrency refers to a type of money that is completely digital or virtual, and in other words is completely intangible. This new type of cryptocurrency is thriving because enough people have agreed on its value and are willing to trade goods, services, traditional currency to acquire it.
Benefits of Cryptocurrency
When comparing cryptocurrency to traditional types of currency there are many unique benefits to consider. Some of the most notable benefits include:
- No transaction fees
- Faster transactions
- Confidentiality with purchases
- Much simpler international purchases and exchanges
Bitcoin in 2021
Within the first quarter of 2021 Bitcoin has more than doubled in value and price, and as of April Bitcoin reached its all-time highest yet. This means that the current value of a Bitcoin is at $62,124.71, up from $6,838.37 only a year ago. Also as of this month Coinbase made its public debut on the stock market through a direct listing, a landmark moment for cryptocurrency that unveiled a huge number of hungry investors. Coinbase is the largest crypto exchange in the U.S. and has been credited with bringing crypto into the mainstream.
While the first few years of its existence Bitcoin held little to no value, today it is one of the most talked about and promising types of currency in our history and future. So what are you waiting for? Get in on the action and start investing in Bitcoin today! Visit National Computer Repair in Madison, TN to purchase Bitcoin in store and have them within minutes. Call us at (615) 826-7550 any day of the week for more information.