Bitcoin has hit another milestone this week, surpassing the $10,000 mark for the first time in its history.
Imagine the internet had a currency, bitcoin would be that currency. Created by Satoshi Nakamoto, bitcoin was designed as an electronic payment system capable of being transferred electronically, with little cost. Bitcoin can only be mined by solving complex algorithms as opposed to printing like regular money. And the best part is, no one can control it.
But anything that has value, people will eventually find some way to put a price tag on it, and from its humble beginnings, bitcoin has seen its value skyrocket and there doesn’t seem to be any end in sight.
However, financial experts fear that this parabolic trend is destined to collapse upon itself. Many notable experts have suggested that bitcoin is perhaps the largest bubble they have seen in decades. Buyer Beware.