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What Is Bitcoin?

Written by

Written by CryptoRunner Team

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Reviewed by Unknown

Edited by

Edited by CryptoRunner Team

Last Edit

Last Edit Apr 26, 2022

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David Dzidzikashvili
David Dzidzikashvili

Cryptocurrencies have proven to be revolutionary and they can bring lots of benefits to the humanity. That’s why blockchain tech & cryptocurrencies will play pivotal role in our future global digital economy powered by web 4.0 + AI + Blockchain tech. The decentralized nature of these networks will allow users to transact in many different ways via secure and shared networks, allow them to issue and accept for example P2P DeFi loans unavailable to the unbanked masses, etc… This is the best alternative vs inflationary fiat currencies where the federal governments in sync with central banks determine how much they will print and how. This printing is what fuels inflations and unfortunately politicians don’t understand that every extra printed Dollar or Euro causes the same exact opposite force/effect = burning one Dollar or Euro. That’s why Bitcoin and other digital gold-like currencies have become a valid investment tool or inflationary hedge against the fiat. That’s why Bitcoin is so popular in Africa and Asia – it keeps the business running without the concerns of conducting business transactions only in national inflationary currencies. Crypto projects will keep growing and this tech will keep further developing and evolving, we already have interoperable blockchains able to communicate and transmit transactions, instead of legacy isolated blockchains of the past… With Bitcoin ETF, Ethereum ETF and others opening the doors for the Wall Street players – this will be the most positive news for the crypto universe together with EU’s passage of the MiCA Act, which is quite crypto & blockchain friendly set of laws. The next bull run (2025-2026 might start in 2024 as Bitcoin halving approaches) will be massive – mega bull run and potentially shoot the overall crypto market cap to $7-$10 trillion range. Crypto market cap will outperform gold very soon. The future looks unique and interesting!

Nov 26, 2023, 05:18 PM

Tobiloba y
Tobiloba y

Thank you. I now understand how Bitcoin works.

Nov 24, 2021, 10:47 AM

CryptoRunner Team
CryptoRunner Team

Thanks for your comment. We're happy to hear that. / CryptoRunner Team

Nov 24, 2021, 11:06 AM

olarotimi stephen
olarotimi stephen

I really Thank u, for detail explanation giving in this site, I now understand in part n i know when put into work, deeper understanding will follow, thanks for this site.

Jun 27, 2021, 04:05 PM

Oscar Carlson
Oscar Carlson

Thanks for your comment. / CryptoRunner Team

Jul 1, 2021, 08:12 AM

Harry Shamberger
Harry Shamberger

Excellent read. Digital money is how it is going to be.

Sep 30, 2019, 10:07 AM

Oscar Carlson
Oscar Carlson

Thanks Harry, Glad to hear! / CryptoRunner Team

Sep 30, 2019, 11:15 AM

Victor Scullion
Victor Scullion

I'm pretty pleased to find this site. I wanted to thank you for ones time for this wonderful read!! I definitely appreciated every part of it and I have you saved as a favorite to check out new stuff on your site.

Sep 18, 2017, 01:00 AM

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