10bn market cap but that the bitcoin price went up after the split too. Bitcoin can be used as both medium of exchange and a store of value the second depends on the first.
How Does Bitcoin Mining Work
People will adopt bitcoin because its the easiest or only way to complete tasks x y and z.
How does bitcoin earn value. Each bitcoin math problem has a set of possible 64 digit solutions. How to earn and make money with bitcoin. Bitcoin became bitcoin bitcoin cash.
Its restricted by 21 million and not all coins are emitted yet. A desktop computer if it works nonstop might be able to solve one bitcoin problem in two to three days however it might take longer. Based on that value one bitcoin would be worth a little over 16500 and 16 bitcoins would be worth more than 26400 today.
Sensible people were amazed that not only did bitcoin cash end up being worth usd 400 a coin approx. The bitcoin supply is limited. This estimate does not include any additional fees or transactional.
The emergence of bitcoin as one of the hottest new investment assets has surprised many who once believed the blockchain driven cryptocurrency would never have real world value. Bitcoin the worlds first decentralised digital currency was launched in 2! 009 by a mysterious person known only by the pseudonym satoshi! nakamoto whose true identity is still unknown. Why exactly does bitcoin have value many people find it difficult to grasp how something which only exists digitally can have any value at all.
In this article we seek to lay a framework for calculating a medium to long term value for bitcoin and to empower the reader to make their own projections on the value of bitcoin. Scarcity utility supply and demand. The answer to this question is rather simple and it lies in basic economics.
Ultimately bitcoins value as a programmable asset is the most viable path to mass adoption. A lot of people are into bitcoin and cryptocurrencies in order to make a quick buck.
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