The Cryptocurrency/Blockchain market & its technology can be very intimidating for newcomers. Without the appropriate education, newcomers are very susceptible to scams and misconceptions that exists in the cryptocurrency sphere.
However, this new market cannot be ignored - Cryptocurrencies are a new asset class. The market cap is projected to reach trillion dollars within the next decade. Even institutions, governments & fintech are carving in their own space.
Cryptocurrency/blockchain technology will play a major role in our financial lives, unfortunately, the education & training in this field is spread across many sources. This field is vast and can be technically overwhelming. The lack of education has lead to millions in stolen or loss of investor wealth.
You can either remain isolated from this digital revolution or educate yourself to take advantage of the coming financial opportunities.
All education about crypto/blockchain have to start with the fundamental understanding of Bitcoin.
Bitcoin is considered the king of Crypto - understanding the basic economics & technology of Bitcoin will help you navigate across the whole crypto sphere.
Bitcoin was the first cryptocurrency blockchain.
It was created by an anonymous group or person named satoshi nakamto in 2009 .
Bitcoin was created in response to the financial crisis of 2008. It was designed to be a decentralized money system for the internet as an option to our fiat based monetary system that has caused numerous and devastating economic crises throughout history.
Bitcoins innovation sparked a furry of other cryptocurrency projects. However none of the thousands that exists are like bitcoin. Some may have utility in specific market segments, but many are experimental projects that will most likely not succeed. There are plenty of cryptos that are considered downright scams. Infact, since 2014 a major blockchain scam OneCoin networked around the world has successfully stolen billions from naive investors - the fraud continues to this day because 95% of people who are enthusiastic to invest in blockchain technology, do not have the necessary blockchain education required for this market.
This market is only going to get bigger, scammier & more confusing. Along with retail investors looking to to make profitable investments - Governments, banks and technology companies are introducing their own cryptocurrencies and blockchain solutions. At the same time, regulations are being formulated and applied across this sector...which makes it even more complex to manouver in this space.
To really assess what is going on in the crypto market , where it is going & how to invest and/or use cryptocurrencies & blockchain - Bitcoin Education is essential.
Bitcoin started the digital revolution and that is why your education starts here.
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