Once Bitcoin was a blip on the radar. It emerged in 2009 as a trail-blazing digital currency that was created and held electronically. The purpose was to disrupt the ways we paid for things and exchanged funds.
It seemed as if its biggest proponents were a little ahead of themselves. We are living in an increasingly tech-centric world but the idea of an online currency that was essentially invented out of thin air taking over our financial systems always seemed far-fetched. Many believe it still does.
The question now isn’t whether Bitcoin can supplant conventional currency, but whether it can exist alongside it with enough value to be a worthwhile investment. This is the way more people seem to be looking at Bitcoin. This new outlook begs the bigger question: is investing in this pioneering cryptocurrency a good idea?
For those who might be interested here is a break down of some of the pros and cons.