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Fire Force Group ๐Ÿ‡ฎ๐Ÿ‡น Telegram | DID YOU KNOW?

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What Is Bitcoin?

Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoinโ€™s creator, Satoshi Nakamoto, originally described the need for โ€œan electronic payment system based on cryptographic proof instead of trust.โ€ Each and every Bitcoin transaction thatโ€™s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. Thatโ€™s by design: Core to their decentralized nature, Bitcoins arenโ€™t backed by the government or any issuing institution, and thereโ€™s nothing to guarantee their value besides the proof baked in the heart of the system. โ€œThe reason why itโ€™s worth money is simply because we, as people, decided it has valueโ€”same as gold,โ€ says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.

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 Brothersโ€”or maybe the next Silverado?โ€”echoed through the canyons of Wall Street as investors prepared for the worst.

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