Cryptocurrencies in the era of COVID-19 By Yasmin Chamchoun The coronavirus outbreak, which (at the time of writing) has seen more than 2 million reported cases and over 150,000 deaths globally, has caused turmoil across the world. With international economies suffering, stock markets plummeting and oil prices dropping, cryptocurrencies Read more…
Bitcoin is a cryptocurrency that was created in 2009. It is not managed by any central authority and it uses peer-to-peer technology to operate with no central bank or single administrator.
It has seen a large increase in price over the past year and as of this writing, one bitcoin is worth about $4,000. This has made many people question whether it’s a bubble or if bitcoin will continue to grow in value.
It can be used as an investment and there are many people who have made significant amounts of money investing in bitcoin. However, there are also many risks involved with investing in this coin because it is still very volatile and there are no guarantees that the price will go up.