Bitcoin was the first cryptocurrency to be launched on the market. Devised by Satoshi Nakamoto in 2008, this digital currency promoted a libertarian ideal and sought to challenge traditional monetary and financial institutions after the global financial crisis that occurred that year.
He bitcoin (BTC) uses cryptography to guarantee that its operations are not regulated by any banking institution or body, which in turn has put the currency in the middle of a debate about its volatility, since by not requiring intermediaries has been accused of facilitating illegal activities such as fraud.
Despite skepticism, there are those who have opted for bitcoin: El Salvador became the first country to adopt this cryptocurrency as legal currency on June 9, 2021, and Prosperous Honduras, a special autonomous zone in Central America, has also done the same.
While the debate becomes more heated every day about the convenience or not of its use, bitcoin is trading this day at 09:00 hours (UTC) at 69293.2 dollars, which represents a change of -2.72% regarding the last 24 hours and a variation of 0.03% with reference to its value reached in the last hour.
In terms of its market capitalization, it has maintained the position #1 among cryptocurrencies.
This March 12 bitcoin has achieved a new all-time highsurpassing previous values and reaffirming itself as the most important cryptocurrency in the market, approaching the 73 thousand dollars. This record was obtained amid an unprecedented flow of investments into cryptocurrencies, a notable development for the digital financial sector.
The increase in the value of bitcoin occurs in a context where there is a massive influx of capital into cryptocurrencies, which indicates a growing investor interest and confidence in these assets. The rise in price benefits not only bitcoin but also has a positive impact on the cryptocurrency market in general, favoring greater stability and visibility, according to an analysis of Bloomberg.
Experts financed this increase due to different factors, such as institutional adoption of cryptocurrencies, the search for investment alternatives due to global economic uncertainty, and continued innovation in blockchain technology that underpins bitcoin and other digital currencies. This combination of factors has created an environment conducive to continuous growth in the value of Bitcoin.
To buy and exchange them, you use specialized portals. Its value varies depending on supply, demand and the commitment of miners, so it can change faster than traditional money, but the more people are interested and want to buy a certain currency, the higher its price will be.
However, whoever invests in this type of digital assets must be very clear that this form brings with it a high risk to capitalWell, just as there can be an increase, it can also unexpectedly crash and wipe out the savings of its users.
To store them, users must have a digital purse or wallet, which is actually a software through which it is possible to save, send and transact cryptocurrencies. In reality, this type of wallet only stores the keys that mark a person’s ownership and right to a certain cryptocurrency, so these codes are the ones that should actually be protected.
