What is bitcoin & how does it work?

Unlike fiat currency, Bitcoin is created, distributed, traded, and stored using a decentralized ledger system known as a blockchain. Bitcoin and its ledger are secured by proof-of-work (PoW) consensus, which is also the "mining" process that introduces new bitcoins into the system. Bitcoin can be purchased via various cryptocurrency exchanges.

How does bitcoin affect a diversified portfolio?

A CFA Institute Research Foundation report looked at the impact of Bitcoin on a diversified portfolio between January 2014 and September 2020. Over this period, a quarterly rebalanced 2.5% allocation to Bitcoin improved returns from a traditional portfolio by nearly 24%. That’s a massive impact from a tiny allocation.

Why did Satoshi Nakamoto create bitcoin?

Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “aan electronic payment system based on cryptographic proof instead of trust.” Every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake.

Is bitcoin dump a Fakeout?

Mt. Gox Creditors Inch Closer to Repayment as Bitcoin Dump Looms Bitcoin price surges to $21.8K, but analysts warn that the move could be a fakeout