What is Bitcoin?
In a Nutshell, what is Bitcoin?
As a commodity, it works because new units are difficult to come by (through a process of mining) and there is also a finite amount which has been set at 21 million units, and since each of these possible units have inherent value, they can be traded as a commodity.
Benefits associated with Investing in Bitcoin
Bitcoin also has a tendency to inflate rapidly without suffering too many deflation’s. Even when losses are incurred from a drop in value, investors can generally expect their investment to return after some time.
As a commodity, Bitcoins generate interest fairly quickly, so by investing in them, you are essentially gaining proceeds from their value as well as their interest, especially when you hold them for a long time.
The Risk of Investing in Bitcoin
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