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Bitcoin is a digital currency that was founded in January 2009. It follows the ideas outlined in a white paper by the mysterious pseudonym Satoshi Nakamoto. The identity of the people who created the technology remains a mystery. Bitcoin promises lower transaction fees than traditional online payment mechanisms and, unlike government-issued currencies, it is managed …
In the most recent iteration of a sustained rise in bitcoin prices, the cryptocurrency surged more than 300% over the past year. This is the third major round of Bitcoin price spikes since 2013 – the previous two “bubbles” ended with a sharp drop of over 80%. Unlike a stock or bond, it is difficult …