Mind Matters Natural and Artificial Intelligence News and Analysis

TagSatoshi

golden-bitcoin-coin-in-fire-flame-water-splashes-and-lightning-bitcoin-gold-blockchain-hard-fork-concept-cryptocurrency-symbol-in-storm-illustration-with-peer-to-peer-network-background-stockpack-adobe-stock.jpg
Golden bitcoin coin in fire flame, water splashes and lightning. Bitcoin Gold blockchain hard fork concept. Cryptocurrency symbol in storm illustration with peer to peer network background.

Bitcoin: What’s Good, What’s Bad and What’s the Future?

Bitcoins are currently bouncing in the range of $30,000 to $40,000 each

Bitcoin has been having quite the wild ride over the last several months, and especially the last several weeks. During 2020, the price of a single bitcoin dipped below $5,000, then soared past $20,000 in December. It is currently bouncing in the range of $30,000 to $40,000.So what is the attraction of the digital currency Bitcoin? Why is the value of a bitcoin so high and what are people doing with it? To begin with, keep in mind that a “single bitcoin” is a bit of a misnomer. While a single bitcoin is indeed expensive, coins can be split. The smallest unit in Bitcoin is known as a satoshi, which is 0.00000001 bitcoin. While the quoted price is always given…