A New Kind of Money
WHILE TODAY’S SAVINGS ACCOUNTS offer little in the way of interest and central banks print money as they please, the general public is looking for alternative places to store their money. Enter Bitcoin.
Owning Bitcoin (BTC) is better than holding a Swiss bank account. With Bitcoin’s decentralized blockchain network, you can travel anywhere on the planet and your money is protected. No bank can meddle with your accounts and no government can seize your funds. To turn off Bitcoin, you would have to turn off the internet.
Where did Bitcoin come from? It’s all a bit mysterious. It was released as open-source software in 2009 by an unidentified person going by the name of Satoshi Nakomoto. Bitcoin has since grown to become one of the world’s top currencies, and some have decreed its potential to facilitate the greatest transfer of wealth in human history.
But let’s not get too carried away. For that, we need the words of Bitcoin evangelist, Andreas Antonopolous:
“Currency is only the first application [of blockchain]. If you grasp that, you can look beyond the price, you can look beyond the volatility, you can look beyond the fad. At its core, bitcoin is a revolutionary technology that will change the world forever.”
Circulating Supply: 17,157,800 BTC / 21,000,000 (max.)