Bitcoin price is very volatile. However, despite all that bitcoin is believed to be the new modern cryptocurrency, that will overtake the fiat currencies in the near feature. Or if that does not happen for some reason the chances the bitcoin to become a preferred method of payment is very likely. However, before we go into the facts and the details about the bitcoin phenomena. I would like to begin with a bit of background.
Predominantly for 19th and 20th centuries, the world’s most successful currencies were with fixed value for gold, silver and other precious metals.
The creation of such valuable connection between gold and money, helped to attract investors gain [...]