#BitwiseBitcoinETF
What is Bitcoin?
Bitcoin is a cryptographically secured digital currency that is traded outside the jurisdiction of a central authority. Created in 2009 by a mysterious person calling himself Satoshi Nakamoto, the currency was originally intended to be used for payments that were not subject to government oversight, transaction fees, or delays in transfers – unlike traditional “fiat” (paper) currencies.
Back in 2010, the price of a single Bitcoin was around 0.003 cents. In October 2017, the price of the currency had risen to $4,200 – although this value has been volatile, with frequent and fluctuating daily movements. In that time, hundreds of other virtual currencies have emerged, each with its own advantages and applications. Few of these currencies are worth much, but Bitcoin has competitors in the form of Ether, Bitcoin Cash, and to a lesser extent Litecoin.
Commodity or Currency?
.$BTC