Bitcoin is a decentralized digital money established in 2008 by a person or a group of people under the pseudonym of Satoshi Nakamoto.
The basis of bitcoin is blockchain, a transparent ledger and decentralized currency system that allows individuals to become one’s own bank, sending value across the internet without the need for an intermediary.
Over the decade, despite the volatility of bitcoin price, more people are attracted towards the idea of buying bitcoin. Especially among the millennials, bitcoin and other cryptocurrencies could be the most exciting asset class for investors at the moment.
Here is a quick comparison of how much bitcoin has outgrown S&P 500 Index, US Dollar and gold in the past 5 years.