Has The Crypto Boat Sailed?
Assessing The Rise, Fall And Rise Again Of Bitcoin And Other Cryptocurrencies
Finance writer Jesús Cedeño analyzes cryptocurrencies from an investing viewpoint. He looks at their exponential growth, assesses why they are popular, and discusses possible scenarios. All viewpoints are his own and do not necessarily reflect the views and positions of the Global Economic Report. Neither the writer nor Mohr Media’s GER website is responsible for readers’ investment decisions.
April 7, 2022—Bitcoin, the first successful implementation of a blockchain, was launched in 2009. The first real-world transaction using Bitcoin happened in 2010. It involved two pizzas for a cost of 10,000 BTCs. At the time, those ten thousand bitcoins were worth about 40 USD. By 2012, 1 bitcoin was worth around 5 US...