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An Introduction To Crypto Currency & Crypto Mining
Knowledge is power, especially in the world of cryptocurrency. This document is your key to unlocking the mysteries of this digital currency. Explore the who, when, where, why, and hows to make your next call as productive as possible.
1. What is Bitcoin?
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.
What is Bitcoin? Explained in 3 Minutes
This video answers questions like What is Bitcoin? Who created Bitcoin? What is hard money vs. easy money?
2. Why/How is BTC Valuable?
Market Demand
Bitcoin's value is driven by market demand, scarcity, and utility. As more people adopt Bitcoin, its value increases due to limited supply and increasing demand.
Scarcity
With a capped supply of 21 million coins, Bitcoin's scarcity contributes to its value, similar to precious metals like gold.
Utility
Bitcoin's utility as a decentralized, secure, and borderless digital currency adds to its value, making it a preferred choice for transactions and investments.
What is Bitcoin & Why it Has Value
This video answers questions like What is Bitcoin? Who created Bitcoin? What is hard money vs. easy money?
3. Understanding Bitcoin Mining
Bitcoin mining is the process of verifying and adding new transactions to the blockchain. Miners use powerful computers to solve complex mathematical problems, and in return, they are rewarded with newly minted bitcoins. This secure and decentralized process ensures the integrity of the Bitcoin network.
4. The Computing Science Behind "Mining"
Bitcoin mining involves the use of specialized hardware and computational power to solve complex mathematical puzzles. This process is crucial for maintaining the integrity and security of the Bitcoin network. Through mining, new bitcoins are created and added to circulation, incentivizing miners to continue verifying transactions.
5. The Worlds Largest Financial Companies Are Investing Hundreds of Millions into BTC Mining
Companies like BlackRock and Fidelity are investing hundreds of millions into Bitcoin mining. But why are these large financial companies showing such interest in this digital currency? There are several reasons behind their investments.
One key reason is the potential for long-term growth and profitability. Bitcoin has gained mainstream acceptance and is now seen as a reliable store of value. In a world of economic uncertainty, Bitcoin offers a decentralized and secure alternative that can act as a hedge against inflation.
Moreover, the limited supply of Bitcoin is another factor that attracts investors. Unlike traditional currencies, which can be printed endlessly, Bitcoin has a finite supply of 21 million coins. This scarcity makes each Bitcoin more valuable over time, further driving its potential for growth.
By investing in Bitcoin mining, companies like BlackRock and Fidelity are positioning themselves at the forefront of the digital currency revolution. They recognize the immense potential and the opportunities that Bitcoin presents in the evolving financial landscape.
Perhaps you can be right there along side them?
BlackRock Joins Fidelity and Vanguard As A Bitcoin Mining Investor
A mandatory SEC filing dated June 30,20021 shows that BlackRock, the world's largest asset manager with $9 trillion in assets, has taken significant stakes in two bitcoin miners, 6.71% in Marathon Digital Holdings and 6.61% in Riot...
6. BlackRock CEO Larry Fink Live on CNBC: "I believe bitcoin is a legit financial instrument"
Larry Fink, CEO of BlackRock, acknowledged the legitimacy of Bitcoin as a financial instrument, emphasizing its role in diversifying portfolios amidst economic uncertainty.
💰 Bitcoin offers uncorrelated returns, making it a valuable asset.
🌍 It provides financial control in uncertain economic conditions.
🏦 Bitcoin is seen as “digital gold” for portfolio diversification.
🛡️ It acts as a hedge against global economic fears.
🔧 Industrial use of Bitcoin is often overlooked.
📈 Fink encourages viewing Bitcoin as a serious investment opportunity.
BlackRock CEO Larry Fink: "I believe bitcoin is a legit financial instrument"
BlackRock chairman and CEO Larry Fink joins 'Squawk on the Street' to discuss the company's quarterly earnings results, economic outlook, his thoughts on...
