Cryptocurrency: About Bitcoin

Bitcoin has gained 4.2% in the last 24 hours and is trading at $16,499.39. Compared to last week, it is down 2.3 percent.
The second most popular token, Ether, is up 5.4% from yesterday and is trading at $1,162.39. It is down 7.2% from last week.
Bitcoin and Ether now have market caps of $317.44 billion and $140.39 billion, respectively.
Bitcoin is a true technological innovation. But much of the crypto industry has strayed from the principles that are vital to the growth of Bitcoin itself. The crypto industry is full of scams, Ponzi schemes, and bad actors, as highlighted by the stunning collapse of the cryptocurrency exchange FTX. As a result, it is becoming increasingly clear that Bitcoin must be understood as something outside of this crypto industry.
Regardless of how one views Bitcoin, it is clearly a major innovation driven by a real problem. It is important not only as a technical problem or an economic theory of curiosity, but also as an important technology in Cuba, Afghanistan, the Palestinian territories and Africa – areas where mismanagement and corruption plague the mainstream financial system.

You may also like...