A few weeks ago it was huge news that the value of Bitcoin surpassed 10K. Just yesterday it was even bigger news that the value went much past 16K. As we type this, the stocks of the possible future currency sits at 15K but this doesn't mean that things won't grow significantly once again.
The rise of the Bitcoin both excites people and worries financialist who are tentative to invest in fear that the trend may burst like past financial crashes - real estate in 2007 and Internet in 1999.
But before you can invest in something, or even form an opinion, you gotta know where it came from, how it started and the reason behind its creation. Here are some facts you should know about Bitcoin:
1. The Bitcoin was created in 2008 by a man named Satoshi Nakamoto. He published a full concept of how the currency should work with reasons and examples. Satoshi left the project for unknown reason in 2010, where it was picked up by other developers. January 3rd is the day Satoshi first made 50 units. The true identity of Satoshi has never been revealed and an Australian businessman claimed he was the creator, but never had enough evidence to prove it.
2. The first transaction made by Bitcoin was reported on May 22, 2010 when a programmer successfully traded 10,000 units for pizza.
3. The largest companies to accept Bitcoin are Overstock.com, Expedia, Newegg and Dish.
4. Celebrities such as Nas, Ashton Kutcher, Childish Gambino and Snoop Dogg have all expressed their interest and support in Bitcoin
5. Bitcoin is limited to producing 21 million units. This means that the value will only rise with the laws of supply and demand. The more people buy, invest and use the coin, the higher the value.
If you're looking to invest in the coin, only consider using trusted agents like the list provided here.
