What Is Bitcoin & Why Is Cryptocurrency So Popular?

By Kemi Salami on The CapitalBitcoin has been the buzz word in the financial space. As of a matter of fact, Bitcoin has exploded the scene in the last few years and many people and many large companies are now jumping on the Bitcoin or cryptocurrency bandwagon wanting a piece of the action.People totally new to the cryptocurrency space are constantly asking this question; “What is Bitcoin really?”Well, for starters, bitcoin is actually a digital currency that falls outside the control of any federal government, it’s used worldwide, and can be used to purchase things like your food, your beverages, real estate, cars, and other things.Why is Bitcoin so important?Bitcoin isn’t susceptible to things like governmental control and fluctuations in foreign currencies. Bitcoin is backed by the full faith of (you) the individual and it’s strictly peer-to-peer.What Is Bitcoin & Why Is Cryptocurrency So Popular? was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Author: Kemi Salami