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Bitcoin: What the hype is going on?
By The Fifth Person  •  January 15, 2021
Bitcoin mania has arrived, yet again. Since 1 October 2020, the price of Bitcoin surged +220% to US$34,410 as of 12 January 2021. All in the span of three months. Coincidentally, this mirrors the hype between October and December of 2017 when the cryptocurrency surged +341% in two months to hit a then high of US$18,985. Is there still room to get in on the bandwagon? Or does the post-hype crash in 2018 provide a cautionary tale of what is to come? What is Bitcoin Before getting overly enthusiastic for either camp, it is important to understand what Bitcoin is, besides being the most prolific cryptocurrency in the market. At its core Bitcoin is a digital currency that is tradeable and can be used to perform transactions. It was launched in 2009 with the original aim to be a means of securing transparent payments over the internet as e-commerce grew....
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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