Top 4 reasons why Bitcoin can influence the entire crypto market Bitcoin revolutionized finances, providing an alternative away from banks and governments. Thanks to this vision, the niche project with just a dozen of miners and users has evolved into a trillion-dollar financial system that spawned an entire industry. His answer was Bitcoin, a peer-to-peer digital currency with a limited supply, that would provide a hedge against inflation and open the internet economy to anyone on the globe.

He considered our current financial system to be doomed to fail, mainly because of its dependency on governments and central banks. Nakomoto created Bitcoin with the purpose to provide humanity with a universal digital currency, where users could exchange value without the need of any intermediary. To this day, the identity of its creator remains unknown. What is Bitcoin?īitcoin was launched way back in 2009, by the mysterious Satoshi Nakamoto. To achieve this we explore its basics and some major events that helped it reach a value over 1 trillion dollars in just over a decade. In this article, we will explain why Bitcoin has so much influence on other cryptos. However, aspiring traders and investors should always be aware that the market heavily depends on one cryptocurrency – Bitcoin. Investors are often looking at alternate cryptocurrencies to make considerable profits by trading in and out of them. People have regained their trust in crypto and are seeking to buy bitcoin with credit card to participate in the financial revolution. By entering the current bull run, the cryptocurrency market has shown investors all over the globe that it can stand the test of time.

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