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These days, whether or not you’ve actually bought any, you’ve at least heard of bitcoin. The first “ cryptocurrency”, bitcoin was introduced in 2009 and enjoys far more notoriety than its counterparts Etherum, Litecoin, and Cardano et.al.
For the uninitiated, however, bitcoin is created, distributed, traded, and stored with the use of a decentralized ledger system, known as a blockchain. The currency has no physical manifestation; it simply exists as balances in a public ledger. If you’re considering investing in it, you’re probably wondering if bitcoin is headed for a fall. Well, let’s take a look.