When Bitcoin first emerged back in 2009, there was a trickle of initial interest that soon avalanched into worldwide popularity. At first, financial experts didn’t think Bitcoin, or cryptocurrency as a market, would be around for long, mainly because the world hadn’t seen anything like it before. However, over the past decade, they’ve been proven massively wrong. Millions of people across the globe are actively buying and trading cryptocurrency, with some even making millions, and billions of dollars from it. The finest crypto exchanges available in each location can be used to buy and trade cryptocurrency. For example Australian traders can make use of the regulated crypto exchanges in Australia which keeps your investments safe. Check out our crypto exchange Australia guide for a list of well-regulated exchanges where you can make money.So what don’t you already know about the Bitcoin phenomenon?
1. No one knows who made it
It might sound crazy, almost unbelievable even to some, but we still don’t know who initially made Bitcoin. We don’t even know if it was an individual or a group of people. Instead, Bitcoin has been credited to an “unknown person or group called Satoshi Nakatomo”.
2. Bitcoin has survived two massive crashes
Because the cryptocurrency market is deemed to be far less volatile than the more traditional financial markets, people seem to presume that Bitcoin fluctuates slightly, but never experiences huge drops. This, however, couldn’t be further from the truth. Bitcoin has suffered two huge financial crashes, one in 2018 and one in spring of 2021.
The 2018 crash is commonly known as “the Great crypto crash”, which saw 80% of the entire value of crypto wiped off the market. Financial experts thought that Bitcoin might never recover from this, but the crypto goliath managed to bounce back, and even generate a higher value than it had prior to the crash.
The 2021 crash had been predicted six months before, with many people thinking it would hit the crypto market in November or December of 2020. This was due to the surge in people buying Bitcoin, and crypto in general, until it eventually crashed in April this year. Again, however, Bitcoin managed to bounce back and is now valued at around $33,000 per coin.
3. There are Bitcoin auto-trading platforms
It’s surprising to know that some people still aren’t aware of the many Bitcoin auto-trading platforms available to them to help with their investments. Bitcoin superstar plattform is one of the legit auto-trading platforms which assures payouts and high return opportunities. One of the biggest advantages of cryptocurrency is that it’s easy for everyone to invest in, regardless of if they’ve invested before or not. For example, if you use a third party auto-trading platform to buy and sell in Bitcoin, all you’ll need to do is set your investment parameters so the intelligent bot/algorithm that works in the background abides by your rules, and then click a button “start live trading”. Then you can relax and watch your investment money come rolling in!
4. Bitcoin is set to have its biggest year to date
With so much media attention surrounding cryptocurrency and the amount of money its investors have made (did you know that there are Bitcoin billionaires?!), financial experts have predicted that Bitcoin is set to have its biggest year ever. They predict that its value will be the highest it’s ever been by December 2021, meaning if you invest now, you’re more than likely to make money come December.
5. Tesla is set to make more from it’s Bitcoin investment than from product sales this year
It’s not every day that you hear that a world-famous company like Tesla has millions of dollars worth of Bitcoin. It’s even less likely that you’ll hear that they’re set to make more from their Bitcoin investment by winter this year than from their entire global sales. Surprised? So are we! The power of Bitcoin never fails to amaze.
These are just 5 of the most interesting facts about Bitcoin that you might not know, but there’s still plenty to learn. Want to know more? Invest now and find out for yourself!