Today, cryptocurrencies have become a global phenomenon known to most people with Bitcoin taking the lead. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.
Bitcoin (BTC) rose from obscurity to mainstream recognition largely thanks to the insane surge in value it saw in 2017. Soon after, big-name brands started accepting it, Bitcoin gambling platforms became more popular, people began investing money in this cryptocurrency, and the general interest for Bitcoin reached an all-time high. Then, somewhat unsurprisingly, the price went down, sparking yet another heated discussion about the volatile unpredictability of the bitcoin.
Now, debates are all dandy as long as the participants know what they are talking about and the audience has at least some grasp of the matter. Neither of the above is true! The vast majority of experts are as clueless about the intricacies of the crypto markets as is the general audience.
The infographic below will not make you a marketing guru. However, it will give you a much better understanding of the driving forces behind the world’s first cryptocurrency, how it came to be, who embraced it first, and how governments handle it.
Read through it and you will be better equipped to talk about bitcoin than 90% of the pundits, who are spewing wild predictions left and right.
No one knows what will become of bitcoin. It is mostly unregulated, but that could change. Governments are concerned about taxation and their lack of control over the currency.
Which fact got your attention the more? Share with us using the comment box below.
Credit: Bitcoin Play