Bitcoin
December 07, 2013 | | Kris Tabetando | 0 Comment
Bitcoin is an innovative digital currency which uses peer-to-peer technology for online payments. There is no central authority that regulates Bitcoins. They are issued by the network. Unlike a country’s fiat currency, they are not issued by any government.
The total number of Bitcoins issued are capped at 21 million to ensure that they don’t constantly lose value due to oversupply. Due to their limited supply, Bitcoins are traded like any other commodity or currency, and the prices are very volatile due to wild speculation in this digital currency.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
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