Bitcoin is a cryptocurrency that came into existence in the year 2009 as a torrent file uploaded over the internet by an anonymous person (many consider it a group of individuals too) by name Satoshi Nakamoto. Bitcoin has its existence entirely in digital form. Along with that, it is based on a technology called blockchain which has the ability to run the worldwide payment system and it is the first decentralized cryptocurrency on earth.
Image Courtesy: https://www.bitcoin.com/
The primary purpose of Bitcoins was to evaluate financial transactions as uploaded on the torrent website but it gained value as time passed. Over the years, a high rise in the price of bitcoins has been observed and this rise has moved the entire world as it is exponential. This resulted in several middle-class persons who invested in the bitcoins in becoming millionaires. On the contrary, many people started getting suspicious about its existence and the process of its generation and price rise. Over the time, individuals began to gain interest in investing in the same and its gaining acceptance massively on global levels as the time is passing by.
