Basics For Buying And Investing In Bitcoin


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Bitcoin (BTC) is a decentralized cryptocurrency payment system designed by Satoshi Nakamoto. The software-based currency was released to the public in 2009. Since then, updates and improvements have been made by a network of developers, partially funded by the Bitcoin Foundation.
It was not until 2013 that Bitcoin became a hot topic of interest. The virtual currency gained over 300% from 2011 to 2012 and since August of last year, Bitcoin has increased in value around 400%. While its recent performance has been lackluster, (down around 34% since January 1st), venture capital firms and investors around the world continue to bet on tCentral Bank Cryptocurrencies

‘Right now, we have a group of people who are looking at fiat cryptocurrencies’- RBI Executive Director Sudarshan Sen
India has recently stirred the black box of cryptocurrencies by indicating that they are working on a national cryptocurrency called Lakshmi. It’s not just India, China and Russia amongst many other countries are actively pursuing their own cryptocurrencies.

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