𝗛𝗜𝗡𝗗𝗜 𝗠𝗢𝗩𝗜𝗘𝗦 𝗗𝗢𝗪𝗡𝗟𝗢𝗔𝗗 𝟮𝟬𝟮𝟮 - 𝗡𝗘𝗪 𝗠𝗢𝗩𝗜𝗘𝗦

𝗛𝗜𝗡𝗗𝗜 𝗠𝗢𝗩𝗜𝗘𝗦 𝗗𝗢𝗪𝗡𝗟𝗢𝗔𝗗 𝟮𝟬𝟮𝟮- 𝗡𝗘𝗪 𝗠𝗢𝗩𝗜𝗘𝗦 Telegram | DID YOU KNOW?

The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.

What Is Bitcoin?

Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.” Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution, and there’s nothing to guarantee their value besides the proof baked in the heart of the system. “The reason why it’s worth money is simply because we, as people, decided it has value—same as gold,” says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.