World Economics Forum

No you should not buy bitcoin. Now I know that everyone is saying “Bitcoin is still one of the best investments out there and it will reach $xx,xxx in two years”, but to be perfectly honest, Bitcoin doesn’t have much room for growth. Bitcoin is up almost 2,000% in the past year. This is an unheard of growth rate that even the most volatile of traditional investments don’t reach. Maybe in 5 years, but one year? This is something that doesn’t happen everyday. So say Bitcoin goes up another 2,000% next year. Then each bitcoin will be worth around $320,000(assuming a current price of around $16,000 per bitcoin). With each Bitcoin being worth $320,000 Bitcoin would have a total Market Capitalization of over $5,120,000,000,000. Yes that is 5.1  trillion  US dollars. You would essentially need a large portion of the money in the world, across all countries, invested in bitcoin in order to achieve these kinds of numbers. Here's how much money there is in the world — and wh...

Short History Bitcoin  is a  cryptocurrency  and worldwide  payment system . [8] :3  It is the first decentralized  digital currency , as the system works without a  central bank  or single administrator. [8] :1 [9]  The network is  peer-to-peer  and transactions take place between users directly, without an intermediary. [8] :4  These transactions are verified by network  nodes  through the use of  cryptography  and recorded in a public  distributed ledger  called a  blockchain . Bitcoin was invented by an unknown person or group of people under the name  Satoshi Nakamoto [10]  and released as  open-source software  in 2009. [11] In 2010, someone decided to sell theirs for the first time – swapping 10,000 of them for two pizzas. If the buyer had hung onto those Bitcoins, at today’s prices they would be worth more than $100 million. In 20011, rivalry cryptocurrenc...