This exposure brought about the conversation as to whether Bitcoin was a fad or a lasting trend, a conversation that continues to this day. have brought Bitcoin into the news, as the 2013 run on banks in Cyprus ended up seeing many residents of the island country pulling their money from the banks and investing in the currency, as the financial stability in the country was teetering. Prices for the currency have fluctuated wildly, starting at a few cents when it first popped onto the market before skyrocketing to more than $20,000 per coin before suffering a series of crashes and currently sits at roughly $10,000 a coin. Bitcoin has been seen as a front for a lot of criminal activity that isn't stable in terms of inflation. Bitcoin has continuously been the target of hackers, seeking out ways to gain access to people’s private wallets and coins.

Bitcoin is created through a process known as mining, where computers use their computing resources to try to form the Bitcoin, and there are many benefits to owning and possessing Bitcoin.īitcoin has grown in popularity over the years thanks to its Peer to Peer use, anonymity, and fact that the currency is decentralized, meaning that it can't simply be taken away from you by a government entity. It was created in 2008 by Satoshi Nakamoto (which could be a real person, an alias, or a group of people), and has grown to become the world's most popular virtual currency. of currency, using a series of characters to build up a unique identifier to make the cryptocurrency unique.

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