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Explaining Bitcoin to the everyday person.
What is Bitcoin?
Satoshi Nakamoto is the name used by the believed creator or creators of Bitcoin, the first digital currency that evolved as a result of the market crash in 2008. No one knows who this person or persons are since they have never been identified to the public. Satoshi created the Bitcoin white paper and later the cryptocurrency itself. Ten plus years later, the awareness and demand for Bitcoin increases. I will not go into the specific details on Bitcoin itself but focus on what is Bitcoin as well as the increase in this cryptocurrency in 2020.
Bitcoin is just one of the thousands of digital currencies under the cryptocurrency umbrella. Currently there are over 5,300 cryptocurrencies with various objectives as they all have a unique purpose.
Personally, I am not a tech guy or fully aware of the technological details on Bitcoin. I have spent more than half my life investing. My college major was political science so that is nowhere related to computers, technology or engineering.
So why did I get involved with Bitcoin three years ago? For many people who enter this space, it’s…
