Today, Bitcoin has hit a new record high after passing $9,000. It is now worth more than seven times an ounce of gold, but the question is same, what actually the future of Bitcoin is? Is it a fraud? Bitcoin’s value is a sign of a growing rebellion against a monetary system. Many of the experts believed that Bitcoin is a delusion or a bubble which is going to burst very soon.
J.P. Morgan CEO Jamie Dimon thinks bitcoin is a “fraud.” Investor Mark Cuban called it “a bubble.” Goldman Sachs CEO Lloyd Blankfein is still undecided. The most important here is that these all are the legends in the business world.
WHAT IS BITCOIN?
Bitcoin is a virtual currency that emerged in the aftermath of the financial crisis. Satoshi Nakamoto, as the man or women, or men who began it all called himself, was born in Japan on April 5, 1975. This anonymous person is the founder of Bitcoin.