It’s been a little over nine years since Satoshi Nakamoto, the anonymous creator (or creators) of Bitcoin, published the paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System. Written off for many years, Bitcoin and other cryptocurrencies have since risen to prominence and economists, traders, financial gurus, central bankers and other financial authorities around the world are taking notice. Bitcoin, the most famous of the seemingly now myriad cryptocurrencies floating around the internet, recently rose to above USD 10,000 for the first time. In fact, Bitcoin has grown from USD 1000 in January 2017 to over USD 10,000 in November 2017. That right there is what you call a tenbagger. Peter Lynch would be proud. Although Bitcoin and its skyrocketing price tend to get all of the headlines, perhaps its greatest contribution is the technology behind it. The creator(s) of Bitcoin originally sought to create an electronic currency that would allow electronic payments to be sent from one party to another without the need of a central intermediary and that is where blockchain technology comes in.
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