Today, cryptocurrency is a very rich and complex universe that cannot be summarized in one asset but rather in a complete ecosystem, which is responding to more and more problems in the fields of finance and technology. In the past, this has not always been the case:
15 years ago, a revolutionary initiative gave birth to a cryptocurrency that may become indispensable in the near future: Bitcoin!
Bitcoin is a decentralized cryptocurrency that allows secure transactions without the involvement of a trusted third party. Satoshi Nakamoto created Bitcoin in 2008 with a clear goal: to offer an alternative to the traditional financial system and in some way to redistribute monetary power in a fairer manner.
In terms of currency and value, Bitcoin (BTC) is attractive due to its limited supply of 21 million tokens, which creates a scarcity factor not found in fiat currencies. A good example of this is the Euro or American Dollar, which can be printed increasingly (inflation in 2022 is an example of how this can be abused).
As with all cryptocurrencies, Bitcoin transactions are recorded on the blockchain. This allows for transparency in exchanges, proving authenticity, and preventing fraud. The fact that it has no geographic constraints makes it a perfect solution for international payments and large-scale payments in other countries as well.
With colossal increases and major crises such as in 2014, 2018 and 2022, Bitcoin's history is rich with twists and turns. Despite the many obstacles and difficulties that have come up against this asset, it has always been able to recover stronger than ever when we see that these same crises have subsequently generated euphoria, which has propelled the market cap of the asset to over 1,000 billion dollars in 2021.
Despite its gradual adoption, more and more brands are openly accepting Bitcoin payments, all at their own pace, but the curve of its adoption and use continues to increase.
Bitcoin is currently used for online purchases, international transactions, long-term investments, and even donations to non-profits.
The potential of Bitcoin is immense, even though it is already well-known and somewhat iconic. Many investors and other players in this vast world are inspired by the possibility of a more equitable economy and unparalleled accessibility.
There is no doubt that Bitcoin is the world's leading cryptocurrency with the potential to continue growing and provide a full-fledged alternative to the traditional financial system, regardless of its detractors.
The inclusion of Bitcoin in CryptoSimple wallets was an obvious choice. Since the entire ecosystem today is driven by the symbol it represents, and at the same time has undeniable advantages from an investment standpoint, this sounds inevitable.