It seems like the world has gone crazy for a previously unknown cryptocurrency known as bitcoin. If you’ve never heard of it, where have you been for the last 9 years? Before we list the reasons why gold is a better investment, perhaps we’ll explain just what bitcoin is.
What is Bitcoin?
Bitcoin is a digital form of currency. You can’t hold one in your hand, and it’s not owned by a third party such as a government or bank. It is easy to use and can be sent anywhere in the world with a few clicks of a button. The value of a bitcoin is determined by free market forces. No other outside party can affect its value.
The first bitcoin was digitally mined in 2009. There is a lot of contention about the founder of this payment method. It was mined by a person with the name of … Read more