It’s been a big year for cryptocurrency. In particular, bitcoin – the first and best known unregulated, exclusively digital currency – was trading near $6,000 as of late October 2017, with some analysts predicting that in the future, prices will peak somewhere north of $10,000.
But despite the currency’s rapid growth in value, not everyone is fond of it.
“I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making,” said Al-Waleed bin Talal, a Saudi prince and billionaire investor with holdings in Citigroup, Apple and Twitter. “It just doesn’t make sense. This thing is not regulated, it’s not under control.”
While it’s true that cryptocurrency has numerous benefits, none of that explains the actual price of coins. And it only gets more complicated when attempting to define what exactly bitcoin tokens are.Venzen Khaosan explains on CryptoCoinsNews: “Bitcoin’s value is a perceived regard for its benefits and usefulness. The term value, as used here, is not to be confused with price, which is the monetary cost of a bitcoin. The use and consequent value of Bitcoin is a result of many aspects of its innovation, its network, and its features.” This magzine gives you an overview abot cryptocurrency and BLOCKCHAIN technology.
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