ABNEGATION: First I would like to say that everything in this article is not to discourage anybody from the topic that is being talked about. Also the content of the article is basically for knowledge then for entertainment.

With that being said let's go into it;

The idea of Bitcoin first surfaced during the period of the 2008 recession. From humble beginnings from 2008 to its 2022 price peak, Bitcoin has taken its investors around the world for quite a ride. Over a decade, the first cryptocurrency has spiked and crashed over and over again on the way to a price in tens of thousands.

What is Bitcoin?

Bitcoin is a cryptocurrency.

Bitcoin is a means where people can send money to one another without a bank and also without a third party as an intermediary. My research has shown that Bitcoin was created so people would not have to rely on the government to make financial transactions. Bitcoin allows users to transact among themselves using the BITCOIN BLOCKCHAIN.

Bitcoin today is the world's most popular cryptocurrency and some investors believe that some day Bitcoin can take the place of real cash.

Bitcoin growth has rallied a fervent community that is excited about cryptocurrency's rise and the opportunities it will create for investors and businesses. Bitcoin has inspired so many other cryptocurrencies.

When did Bitcoin start?

Bitcoin was created out of the confusion of the 2008 Great Recession as distrust of banks and their role in financial system grew. An individual or a group of people going by the name SATOSHI NAKAMOTO issued a white paper to address the centralized control of money and the trust required in handling people's cash.

In the government financial system, transactions can be reversed and meddled with by third parties and also costs can add up. Bitcoin was presented in a way that third parties would not be involved. Rather, the Bitcoin system was presented in a way that uses cryptographic proof to maintain the integrity of the work instead of relying on third parties and other institutions.

That would be the end of this one for now. Another update would be posted in no time. Stay blessed.