ÐIGITΛL ΛSSΞTS EÐUCΛTION LLC: Imagine Holding Bitcoin For 100 Years Bloomberg MSTR

Saturday, July 31, 2021

Imagine Holding Bitcoin For 100 Years Bloomberg MSTR

Imagine holding Bitcoin for 100 years or longer.

Microstrategy has racked up $1.4B in Bitcoin profits on paper, but don't expect them to sell anytime soon. CEO Michael Saylor tells @emilychangtv the company hopes to own it "forever" https://t.co/3sICjH64ET pic.twitter.com/jCTUNA7Puc
— Bloomberg TV (@BloombergTV) July 30, 2021

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What Is Bitcoin BTC?

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.