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Almost everyone knows by now that Bitcoin (CRYPTO: BTC) has been one of the best investments of all time. Investing just $20 into the cryptocurrency when it launched in 2009 would have turned you ...
Bitcoin traded at $0.00099 per bitcoin in late 2009, when $1 equaled 1,309.03 bitcoins. Those gains are wild but it bears repeating: Crypto is speculative. You could have lost the entire $1,000.
Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown entity (person or persons). [5] Use of bitcoin as a currency began in 2009, [6] with the release of its open-source implementation.
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
It recommends using the term "crypto token". [20] The People's Bank of China has stated that bitcoin "is fundamentally not a currency but an investment target". [21] Journalists and academics also debate what to call bitcoin. Some media outlets do make a distinction between "real" money and bitcoins, [22] while others call bitcoin real money. [23]
"If we do get a bitcoin strategic reserve where the government is buying bitcoin … $200,000 bitcoin is going to be looking quaint. You're going to be looking at $300,000, $400,000, $500,000 bitcoin.
Bitcoin is the least energy-efficient cryptocurrency, using 707.6 kilowatt-hours of electricity per transaction. [267] Before June 2021, China was the primary location for bitcoin mining. However, due to concerns over power usage and other factors, China forced out bitcoin operations, at least temporarily.
Bitcoin has already climbed 60% this year, reaching an all-time high of over $72,000 in March. This has been driven by investors flocking to newly launched ETFs that allow them to buy Bitcoin in ...