What is Bitcoin?
Bitcoin was the first cryptocurrency to ever appear on the scene. It was introduced to the public in 2009 by an unknown group called Nakamoto. The hope was to create an entirely digital payment method free of any physical exchange.
It is Still the Most Popular Cryptocurrency
Bitcoin began with humble beginnings but settled in as the most popular cryptocurrency in the world. While thousands of coins have risen to challenge it, none have come close to what Bitcoin has been able to do. The next most valuable currency, Ethereum, is only worth 5% of Bitcoin’s value.
High Market Capitalization
Alongside ever-increasing popularity, Bitcoin's market capitalization is higher than the following nine coins combined. Its massive size shows how well-established the currency is and speaks to some level of stability. Since Bitcoin’s price is so high, it's unlikely ever to see the coin crumble and fade away to nothing.
Experts Predict Long-term Price to Go Up
Bitcoin had a tumultuous 2021, seeing two significant rises and two similar-sized drops. It reached an all-time high of $67,500 in November and has struggled to recover.