Bitcoin is a revolutionary blockchain company one of the first and most mentioned in the media (though ripple pay did exist in 2004 but this is the first official blockchain).
Bitcoin was released on October 31,2008 by Satoshi Nakomoto with this elegant 9-page whitepaper. It's already considered the 5th revolution of the internet. I'm not going to go into deep into blockchain now. You might just be thinking about investing in bitcoin and I want to just quickly tell you something to look out for.1. Satoshi Nakomoto doesn't exist. There is no person, no one has ever met him or directly talked to him. It could be a group of people it could be a woman. Yes, women can also create disruptive technologies #women #feminism.
2. Satoshi Nakomoto whoever this person or persons is owns 1 Million bitcoins!!! Out of a total 21,000,000.
3. Let me put that into perspective. The United States of Amerigo of which you and I and everyone love, is the absolute largest holder of Gold in the world at over 8,000 tons. The US has 4.8% of the total gold reserves. 4.8% of all the Gold in the world! (total gold about 180,000 tons.)
4. Satoshi Nakomoto with a million bitcoins owns 5% of all the bitcoins that will ever exist!
5. Satoshi owns more shares of bitcoin then the US owns a % of world gold.
Final point. I am not saying do not invest in bitcoin because of this. I think every business in 10 years will in some way be forced to incorporate or deal with blockchain. The same way businesses in 2000 could get by without a website but would now never want to and it's blatant to see the advantages of having one.
I am saying that Satoshi Natomoto or this group of people that has 1 billion bitcoins, at any moment can dump them all on the market. So if you do see the price drop that could be a reason.
That's it that's all I'm saying. Buy bitcoin buy crypto!
disclosure: I do own bitcoin, litecoin and ethereum.
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