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Bitcoin
Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
Jamie Dimon Defends Right to Buy Bitcoin Even Though He Never Will
The JPMorgan CEO has been a consistent critic of the cryptocurrency, though his latest comments suggest maybe a tiny bit of softening.
Rapper Drake Posts Michael Saylor's Bitcoin Video to His 146M Instagram Followers
Michael Saylor said that bitcoin will “eat gold” in an interview with CNBC on Monday.
Sweden’s Central Bank Chief Wants 'as Little Bitcoin as Possible' in Country's Financial System: Bloomberg
“It’s an instrument that is impossible to value, and in practice it’s based on pure speculation," Riksbank Governor Erik Thedeen said.
U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February
Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed's willingness to begin cutting rates.
El Salvador Is Sitting on $84M Profit From Its Bitcoin Holdings
President Nayib Bukele said in an X post that the Central American nation is earning bitcoin revenue from four different avenues.
This Bitcoin Bull Run Is Breeding Millionaire Whales at Slower Pace, Data Show
Currently, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That's significantly lower than the 2020-21 bull run.
‘Greater Fools Are Watching’: Bitcoin Is Here to Stay, Elites Admit
From the Rockefeller Foundation to Donald Trump, critics who wrote Bitcoin autopsies are now examining their own heads.
'Bitcoin Is Going to Eat Gold': MicroStrategy’s Michael Saylor
MicroStrategy is the owner of 205,000 bitcoin worth nearly $15 billion at the current per token price of $72,000.
