The first decentralised global currency
It’s quite probable that historians will one day look upon the 2009 emergence of the Bitcoin and see it was as groundbreaking a disruption as PCS were in 1975 and the Internet was in 1993. That’s right, it’s up there with the best of them. Even Bill Gates called it a “technological tour de force”. So, what is it exactly? In a nutshell, Bitcoin is a form of digital currency created by a software developer by the name of Satoshi Nakamoto. Its most important characteristic, and the thing that makes it different to conventional money, is that it’s independent of any central authority. What’s more you can transfer funds virtually instantaneously, without the need to pay commissions, it’s virtually fraud proof, anonymous, and given that it has a fixed supply, immune to inflation. For all these reasons, plus the fact that more and more constituencies are participating in it, we foresee Bitcoins increasing dramatically in value. Today, a single coin is worth 200 USD but it’s not fantastical to predict triple this valuation within the next five years alone.