Living in the modern digital world, it’s only fitting that the everyday things we have been using adapt accordingly. Money, for instance, is something that has generally stayed the same over the years in its physical form. We are now welcoming a new age of currency, and it’s set to take off. The cryptocurrency phenomenon known as Bitcoin is skyrocketing, with the creator set to become the world’s first trillionaire ever.
First introduced to the world in 2009, there was no telling exactly how this could end up, and how fast it would grow. The world’s first decentralized digital currency works without a central repository or single administrator, and transactions take place between users directly through cryptography. Today, over 100,000 merchants and vendors accept bitcoin as a method of payment.
Last month, the worth of a single bitcoin hit a milestone of $10,000, which had people scrambling to quickly invest. Today, it has already reached a remarkable $17,688.99 in US dollars. Valued at more than $297 billion on the market currently, the stock has risen an extraordinary 1,800 percent in this calendar year already. Having said that, the creator of this financial innovation is set to become the world’s first trillionaire, though their identity is still considered to be a mystery.
Satoshi Nakamoto, the supposed inventor of Bitcoin, is the masked man whose identity has yet to be revealed publicly. This is the name that first appeared on the original document proposal of the peer-to-peer electronic cash system, though the man himself has yet to be seen or identified physically. Projected to slide past the richest people on the planet, namely Bill Gates and Jeff Bezos, the cryptocurrency creator is believed to already own one million bitcoins currently, which equates to $17 billion, and is only continuing to rise.
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