Bitcoin latest news: Bitcoin is the most popular cryptocurrency, but it’s also one of the least understood. The bitcoin market has suffered some major setbacks in recent years, with prices plummeting at various points in 2017, 2018, and 2019. But bitcoin believers are still strong and say that it will never be forgotten.
- Bitcoin was created in 2009 by an unknown person using the alias Satoshi Nakamoto to combat centralized banking and provide people with a way to make transactions without needing a bank or other financial institution (The Economist)
- One of bitcoin’s greatest appeals is its lack of transaction fees; this makes it particularly useful for international money transfers (CNN)
- bitcoin is used in peer-to-peer (PTP) transactions that work like online cash; PTPs are independent of banks and government regulation, so anyone can use them to buy or sell anything at any time without having to go through a bank.
Bitcoin is gaining mass attention. It has been around for over ten years now, but the usage was not always as widespread today.