What is Bitcoin and Cryptocurrency?
Bitcoin is a decentralized digital currency developed in 2008 that is used as a means of transacting globally to buy / sell currencies, products, or services. Bitcoin is just one of the many digital currencies. Many others have slight differences and specific uses. For example some companies are offering cloud storage that can be purchased with their cryptocurrency at a discount while others offer zero transaction fees.
What Has Been Happening Lately?
Since Bitcoin’s inception there have been two significant spikes in its price. The first spike in 2017 and the second in 2021. While these may look to be similar they are far different for one specific reason – market manipulation.