Cryptocurrencies are creating a huge buzz worldwide over the past few years. And there is so much debate on the future of it, scope, and prospects as a future investment. However, if you are unaware of what cryptocurrencies are, do not worry.
It is confusing for most people, and it’s just that they do not accept it. In the simplest terms, cryptocurrencies are online currencies or asset which you can mint and store in an online ledger called the blockchain. As each blockchain has a timestamp and is encrypted, it is secure, and only authorized users can access it.
While there are numerous forms of cryptocurrencies, it is bitcoin that is most popular. And the reason for that is simple. The value of a single bitcoin has grown from US$0.08 13  years ago to US$48,200 in 2020. If someone had minted around 100 bitcoins in 2008, they would now possess a wealth of $5994300. Isn’t that amazing? So are you planning on investing in bitcoins too? Here are a few things before you buy bitcoins.
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