Bitcoin could become the preferred currency for global trade ? | Investing in bitcoin (2021)

#Bitcoin #Cryptocurrency #Blockchain

Bitcoin It's a cryptocurrency, which is a digital asset created and managed by cryptography rather than central authorities to serve as a medium of exchange.

Timestamps :

0:00 Intro
1:15 Bitcoin Intro
2:05 Bitcoin’s Beginning
3:41 Bitcoin in the Next Decade
5:57 How to Invest in Bitcoin
7:21 Risks in Owning Cryptocurrencies
7:48 Technology Risks
8:23 Experimental phase risk
9:08 Price variability
9:55 Consumer Protection
10:37 Currency regulation
11:20 Theft or loss through negligence
12:01 Virtual Currency Frauds



One of the biggest mysteries in the technology world is the identity of Satoshi Nakamoto, the computer programmer who invented the digital currency bitcoin.
Because Satoshi Nakamoto is a pseudonym, this is the case. It could be a single person, a couple, or a group of people.
Since the cryptocurrency's inception in 2008, no one has been able to figure out who Nakamoto is.

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They emailed a fellow bitcoin developer before shutting down all online communication and claiming to have "moved on to other things," but there's a catch: Nakamoto didn't leave empty-handed.
More than 1500 cryptocurrencies have been created since Bitcoin's launch and are traded on exchanges. The term "blockchain" has gained popularity, and it is being promoted as a solution to complex issues. Despite their reservations, institutional investors are flocking to crypto-assets as a form of investment.

The next ten years could be pivotal in the evolution of Bitcoin. Apart from financial ecosystem revolutions, investors should be aware of a few aspects of Bitcoin's ecosystem.
The cryptocurrency is currently torn between serving as a store of value and a transactional medium. Despite the fact that governments all over the world, including Japan, have declared it a valid form of payment for goods, institutional investors are eager to get in on the action and profit from its price volatility.
However, scaling and security issues have prevented both events from taking place.

As regulation evolves to keep up, the ecosystem will most likely expand. According to Schwartz, the next ten years could see "an explosion of low-cost, high-speed payments that will transform value exchange in the same way the Internet did information exchange."
As of March 2021, Bitcoin had surpassed $50,000 and was trading near $60,000. Cryptocurrency is still attracting the attention of large banks.