Over the last few years, Bitcoin has grown so much. When it comes to cryptocurrency, Bitcoin is the first thing that springs to mind. It’s no wrong saying that Bitcoin is the mother of all cryptocurrencies. Investing in Bitcoin is always relevant, as its performance affects the entire crypto industry. But before we come to the main topic of the article, it’s important to have a look at what exactly is Bitcoin?
What is Bitcoin?
Bitcoin is a digital currency introduced in 2008 by a mysterious unknown personality identified as Satoshi Nakamoto. It officially started in 2009 when its execution was introduced as open-source software. Its property of not being controlled or regulated by any central body or institute was something that helped it earned a lot of attention.
There’re no physical bitcoins, and all the bitcoin transactions are validated and recorded on a public ledger called Blockchain, and everyone has access to it. Each transaction is verified by a huge amount of computing power, which is why it’s difficult to counterfeit. Bitcoins aren’t backed or issued by any governments or banks, nor do individual BTCs serve as a commodity. Although bitcoin isn’t legal in some countries, it’s still attracting the masses and has prompted the launch of hundreds of other digital currencies referred to as Altcoins.
How can I buy Bitcoin?
Buying bitcoin is easy as long as you’re using the right crypto exchange platform. The internet is full of crypto exchange platforms, and each claims to be the best. Coinbase is among the most reputed and reliable crypto exchanges where you can buy and sell cryptocurrency of your choice. They support almost all the major cryptocurrencies being used in the crypto market.
Is it safe to invest in Bitcoin now?
Before you invest in Bitcoin or any other cryptocurrency, it’s important that you first analyze how it’s behaving lately. However, according to many crypto experts, investing in Bitcoin right now may be beneficial, as it can reach its next highest in the coming days.