The Rise of Cryptocurrency

[Martin]

2021 is the year Crypto currency is finally being taken seriously by the establishment.

Bitcoin has reached a price of over £25,000 and looks like it will keep on climbing. Other coins such as Ether are predicted to outperform Bitcoin during the next 12 months.

This is the financial revolution that was started because of the recklessness of the banks. People are taking control of their own wealth and taking it out of the hand of the banks.

This is just the beginning.

MicroStrategy held a total of 70,470 bitcoin tokens as of Dec. 21. The company spent $1.13 billion on the tokens, which are worth $2.6 billion at today's bitcoin prices.

[noel]

What is bitcoin? I keep getting emails saying I can be very rich by doing virtually nothing, forgive me by being sceptical.

[Martin]

What is bitcoin? I keep getting emails saying I can be very rich by doing virtually nothing, forgive me by being sceptical.

Hi Noel
You are right to be sceptical. Don't respond to any get rich quick emails, they are from scammers.

Bitcoin is store of value and something you can have complete control of. The problem with banks is that they can hold onto your money without reason and they like to tell you what you can and can't do with it.
With bitcoin you are in control. As long as only you have your private keys, no one can touch your crypto.
The banks don't like it of course, because it removes them from the position of control.

This year, crypto technology is going to grow and start replacing some of the older systems in place.
Even Facebook and google are under threat from new decentralised applications.

[Martin]

This is a good simple explanation of Bitcoin and the blockchain.