For those who want to learn of the potential the currency has to offer, check out this list of the best Bitcoin apps of the year: The Best Bitcoin Apps of the year: Coinbase When an individual wants to learn of the potential the currency has to offer the online community, there are a plethora of apps that can be easily downloaded onto a smartphone or tablet. The basic principle is that it's an encrypted asset, which can be earned through mining or traded for the use of fiat currency. While the digital currency has not yet moved beyond the online gambling industry and tech savvy individuals, it has sparked a wide range of new cryptocurrencies that are also growing in popularity.įor some, Bitcoin can be confusing to understand.
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Bitcoin is increasing in popularity because it is free of regulation, is completely anonymous, and has a value the isn't influenced by supply and demand.Īlthough the currency has faced criticism and negative predictions in the past, it has reached a record value of more than $1 billion to date. The revolutionary currency is opening new doors to financial possibilities. The Bitcoin phenomenon is among the forefront of the biggest influences in the Fourth Industrial Revolution and continues to grow in popularity. Satoshi Nakamoto, who founded the digital cryptocurrency called Bitcoin, was more than likely unaware of the impact his concept would have on the world when he came up with the innovative idea.