The history of Bitcoin and how you can make money from your investment
It’s been over a decade since Bitcoin first emerged, and a little less since it became a global phenomena that not even the very best financial experts could have predicted. It’s surprising therefore, when some people still don’t know about Bitcoin and it’s huge global success. So we’re going to run through the history of Bitcoin for you so you can see just how well this cryptocurrency giant has done, and what to expect for the future of Bitcoin!
Emergence of Bitcoin
Bitcoin was released back in 2009 by an unknown group or person known only by the pseudonym “Satoshi Nakamoto”. It is a purely digital currency that uses blockchain technology to ensure its safety and security, making it one of the most secure currencies in the world. It has no dedicated “bank”, instead using a “Bitcoin network” for you to send transactions to one another. Bitcoin users own what is known as an “e-wallet” to store their Bitcoin; a virtual wallet that keeps their funds safe.
Bitcoin popularity grows
Bitcoin consistently grew in popularity, slowly but surely, before seeing a massive surge in people buying Bitcoin. This has been put down to the fact that so many early adopters of Bitcoin made thousands of dollars from a very small initial investment, spurring more people to want to do the same. Bitcoin has made so many investors money that there are even the world’s first Bitcoin billionaires in the Winklevoss twins.
Companies investing in Bitcoin
As the user base for Bitcoin grew, so did the companies that started looking into diversifying their investment portfolios. Pension scheme companies started to turn to Bitcoin to try their hand at a potentially more secure and profitable investment from the more standard approach. Hedge fund companies like Shark Tank’s, Kevin O’Leary’s company, actively invested millions of dollars into Bitcoin. That’s not the only one, Elon Musk invested very heavily in Bitcoin and gave it to his company Tesla, making it one of the greatest company owners of Bitcoin in the world.
Celebrities buying Bitcoin
As the media started to cover more and more of the Bitcoin news and popularity, the A-list celebrities started getting involved. The likes of Serena Williams, Floyd Mayweather, 50 Cent, and Snoop Dogg are all reported to have invested in Bitcoin, with the latter two rappers now Bitcoin millionaires in their own right!
Exchange platforms
Over the past three years, there have been more and more ways to buy, sell and invest in Bitcoin, especially now it’s been added onto the world-famous NASDAQ exchange. These exchange platforms aren’t the only third-party platforms to have emerged since Bitcoin has taken the world by storm; there are now hundreds of auto-trading platforms purely for trading in Bitcoin. One of the most talked about is the Bitcoin code app; working as “virtual brokers” using intelligent algorithms in the background of the platform, these auto-trading platforms do all of the investments on behalf of the users.
Japanese government recognises cryptocurrency
Probably the biggest thing to happen to Bitcoin of late is the Japanese government recognising cryptocurrency as a currency. Because crypto isn’t governed or managed by a bank or an authorised body, it has been an uphill battle for this to happen. However, now that Japan has released this news, it’s reported that nearly 100 other governments are actively having discussions to do the same.
The future for Bitcoin is undoubtedly looking better than it ever has done. It’s continuing to grow, continuing to have more investors and now set to become a valid payment method. What more could the cryptocurrency experts ask for?