What is the real purpose of Bitcoin?

in #bitcoin5 years ago (edited)

View this answer on Musing.io




The real purpose of Bitcoin was to serve as a means of digital currency for the purpose of trading or buying items online such as gadgets, clothes, books, etc. The advancement in technology has led to more advantages of Bitcoin which has to do with investment and payment of salaries via the use of Bitcoin.

Bitcoin is now an ubiquitous asset today which everyone wish to own even though we have lot of users investing on Bitcoin due to the huge revenue or profit they can generate from their investment if the crypto market appears to be stable because it determines the stability of the crypto market.

Bitcoin was the first ever cryptocurrency that has been in existence for the past 5 years which was created by Satoshi Nakamanto who was known to be anonymous creator of Bitcoin. There are other crypto currency which was produced from Bitcoin through forking process and this is one of the reasons Bitcoin will always be the number one crypto of all time just like my friends will say "Bitcoin is the father of all cryptos and Etherium is the mother".

In conclusion, in our modern world today, Bitcoin now serve as so many purposes such as

- Investment

-Trading

-Buying and selling of goods online

-Payment of salaries

- Buying of cryptos

-Crypto Exchange

- And many other purposes you also know about.

Thanks for reading and I hope this helps.