Assets, Bitcoin

Is Bitcoin Real Money?

Yes, Bitcoin is real money.

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

NOTE: WARNING: Investing in Bitcoin carries a high degree of risk. Bitcoin is a volatile asset and its value can quickly rise and fall. It is not backed by any government or central bank, and there is no regulatory oversight. Before investing in Bitcoin, you should carefully consider your own financial situation and the associated risks. You should also be aware that using Bitcoin as a medium of exchange may have legal implications in some jurisdictions, so please consult with an attorney or other professional advisor before investing.

Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

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