bitcoin value

Bitcoin is a digital currency that was created in January 2009 and its one of the first and most well-known forms of crytpocurrency. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchainThe cryptocurrency was invented in 2008 by an.

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. In aggregate our estimate for the global value of stores of value comparable to Bitcoinincluding savings accounts small and large time deposits money market funds and gold bullioncomes. Bitcoin is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Tesla CEO Elon Musk who has been named Time Magazines Person of the Year says bitcoin is suitable as a store of value while the meme cryptocurrency dogecoin is more suitable for transactions.

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