Skip to content
- Bitcoin possesses the same characteristics as money: durability, portability. acceptability, limited supply, divisibility, and uniformity.
- There is no commonly accepted physical coin that represents Bitcoin.
- Bitcoins can be converted to other currencies.
- No one person controls Bitcoin it exits on a Blockchain.
- Bitcoins are kept in software wallets.
- The maximum amount of Bitcoins will be 21 million.
- Bitcoin is a digital currency that exists outside the banking infrastructure.
- Bitcoin was created by people not a government.
- Bitcoins are divisible for payments in decimals.
- Several merchants are already accepting Bitcoin as digital payment.
- Bitcoin is illegal in over seven countries.
- Bitcoin was invented by the anonymous Satoshi Nakamoto in a white paper and released in 2009.
- Capital gains in Bitcoin is a taxable event.
- “Miners” solve complex math problems and create bitcoins.
- Bitcoin is a trading vehicle that benefit from capital gains
- Bitcoin is very volatile as a store of value and a trading vehicle.
- Bitcoin is only one of hundreds of crypto currencies.
- Bitcoin is a speculation not an investment.
- Bitcoin is the most popular and the first mover in the Blockchain/Crypto Currency space.
- Bitcoin has had one of the greatest appreciation on a percentage basis of anything in financial history except the Tulip Mania in Holland.
