BitCoin – A world changing invention and it’s not even 10 yet
You may not have noticed but Bitcoin, the world’s highest-profile Cryptocurrency, reached its ninth birthday three days ago. The currency, which is now the subject of intense media speculation and regular barbs from major figures in the financial services industry, such as Jamie Dimon of JPMorgan, had a fairly subdued birth. Its launch was covered only by specialist tech publications and even they didn’t really get it at the time.
So what have nine years of Bitcoin taught us? We’ve rounded up the three biggest changes that Bitcoin has ushered in – just in case you need a little bringing up to speed.
Cryptocurrencies are now mainstream
People may not be spending them in the supermarket yet but most normal people have at least heard of Bitcoin. Many members of the public lump Bitcoin into the same category as gold or other precious metals that are used as investment commodities. They don’t really understand how they’re created but they know that they’re worth a lot of money. This level of interest has helped to turn Bitcoin into a mainstream investment far more quickly than many people expected.
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