Bitcoin: The Controversy Coin

     Bitcoin is wreaking havoc on the world. This year, cryptocurrency has broken the barriers and paradigms of economists. In Japan, a law has been passed that allows the legal use of BTC as a form of payment. This has caused thousands of people to invest in the digital currency to secure their savings and generate extra income.

     At the close of last month, it was recorded that cryptocurrency reached the value of $ 2400! An exorbitant figure for many since at the beginning of the year it was barely 900 $. Undoubtedly, investors say that the bitcoin exchange continues to grow and space is opening up in new countries.

     The digital currency has even surpassed the price of gold, positioning itself as one of the most valued currencies in the world and leveling with other cryptocurrencies. In BTC thousands of transactions are made per day all over the world. Users sell Bitcoin anywhere in the world. The globalized use of digital currency has allowed other countries to become interested in acquiring and adopting cryptocurrency. Australia is following in the footsteps of Japan and analysts are investigating about recognizing Bitcoin as a means of payment in its finance system.

     Users in India buy Bitcoin in other countries through the Internet and then exchange them for local currency and thus increase their income for their economic stability and that of their country. The best bitcoin rate in India has allowed citizens to invest in the digital currency.

     Globally, bitcoins are being claimed by thousands of people every day, increasing their reliability and growth. Bitcoin is becoming the first digital currency with users worldwide and analysts say it can become the only cryptocurrency recognized and implemented worldwide. Thanks to this new currency system, the use of banknotes decreases every day. This is another objective of the BTC, disappear the tickets as a means of payment but it is still too early to define whether or not this could be fulfilled. There is still a long way to go for the digital currency, especially in underdeveloped countries with unstable economies. However, it seems that Bitcoin has no limits but it does want to be a worldwide success.