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What Is Bitcoin?
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoinโs creator, Satoshi Nakamoto, originally described the need for โan electronic payment system based on cryptographic proof instead of trust.โ Each and every Bitcoin transaction thatโs ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. Thatโs by design: Core to their decentralized nature, Bitcoins arenโt backed by the government or any issuing institution, and thereโs nothing to guarantee their value besides the proof baked in the heart of the system. โThe reason why itโs worth money is simply because we, as people, decided it has valueโsame as gold,โ says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
If riding a bucking bronco is your idea of fun, youโre going to love what the stock market has in store. Consider this past weekโs ride a preview.The weekโs action didnโt look like much, if you didnโt know better. The Dow Jones Industrial Average rose 213.12 points or 0.6%, while the S&P 500 advanced 0.5%, and the Nasdaq Composite ended little changed.
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