It's been over a decade since cryptocurrency has started to fascinate people over social media and especially over the internet. Bitcoin has been able to rank among the top cryptocurrencies today, nobody knows about the exact origin of the currency however it popped up in mid 2008 related to a Japanese pseudo name "Satoshi Nakamoto".
So, what exactly is this Bitcoin Currency and why has it been able to sustain its place in the financial markets. Well, the following listed reasons may give you an idea of its popularity and a piece of evidence as to its continued safe future existence.
- Bitcoin is the first decentralized digital currency.
- Bitcoin is an independent free-floating currency which is neither owned by any government nor associated with any other currency for it to influenced value wise by the economic indicators that govern the value of traditional currencies.
- With its growing popularity among the masses, it now enjoys an increased level of acceptability at all levels, for instance, you can now buy stuff with Bitcoin cryptocurrency directly and also trade it at different platforms such as CoinBase, Bitfinex, Bitstamp, Kraken and more.
- All you need is a wallet and an internet connection to make a peer to peer Bitcoin transfer.
- In most cases the transfers are instantaneous.
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