Member-only story
Bitcoin has been making headlines again, and I’m just as fascinated as everyone else! This digital currency, once an obscure techie toy, is breaking into the mainstream, and its price is surging.
But what exactly is Bitcoin, and what’s driving this incredible price increase?
To me, Bitcoin is like a type of money that exists entirely in the digital world, completely independent of banks or governments. Transactions are secured through a complex blockchain technology system, making Bitcoin secure and transparent.
Unlike traditional currencies, there’s a finite amount of Bitcoin that can ever be created — only 21 million. This built-in scarcity is part of what makes Bitcoin so attractive to me and other investors.
So, what factors are causing Bitcoin’s price to skyrocket? Here’s what I’ve gathered:
But before that, make sure you follow me on Substack @TheLuwizz for exclusive updates and financial advice you won’t find anywhere else — straight to your inbox for FREE!
