Learn About Bitcoin
1. Bitcoin is more popular than you might think At the time of the publishing of this article, the value of a single bitcoin is well over $10,000. That price would make anyone want to invest in Bitcoin—and people have started doing so more frequently. Even governments, such as China are trying to break into the Bitcoin world. Recently, China has tried to crackdown on their citizens buying and selling Bitcoin by closing exchanges, but that has only made it more popular. Bitcoin has been called “the new gold.” Think about the Gold Rush and the country’s push to mine as much of it as possible. That’s how Bitcoin is now. 2. The FBI owns one of the largest Bitcoin wallets A few years back, the FBI shut down the Silk Road—a major black market site. As with any black market site, Bitcoin was used frequently to make purchases. This means that the FBI inadvertently acquired all the bitcoins circulating around the site. As of October, the FBI owns 1.5 percent of the world’s Bitcoin. That doesn’t sound like much in the grand scheme of things, but when you consider how few people in the world own a substantial amount of Bitcoin—1.5 percent is a huge amount for one entity to own.
