Bitcoin is a cryptocurrency which enables the transaction of money without involving the middlemen. It can be used to do various transactions like booking flight tickets, shopping for multiple goods, and purchasing stocks. Numerous people understand Bitcoin as the speculative type of investment to transact online. It is a superior form of currency as it cannot be censored, confiscated, or inflated. However, there are numerous apprehensions in the minds of the people whether Bitcoin will be able to be the king of cryptocurrency even after mass adaptation.
The price of Bitcoin was $ 3500 during the starting of the year and increased to around $10,000 this summer. It drastically crashed back to $7,000 due to the tension over whether Facebook’s planned cryptocurrency would cause the regulators and central bank to legal action against the cryptocurrency.
Do you think Bitcoin will rule even after the mass adoption?
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