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Bitcoin (History (World’s first decentralized currency (Controlled by…
Bitcoin
Demand
China
Move money abroad
Government concerns about economic uncertainty and instability
Citizens can move only $50,000 abroad annually
95% of trade happens in Chinese Exchange
As Bitcoin value rises, Renminbi drops
Economy
Rising interest rates
Economic uncertainty
Venezuela - economic meltdown
India - Black money
Traditional currency increases
Best performing currency in 2016
History
Created in 2008
Created by Satoshi Nakamoto
World’s first decentralized currency
No central bank control
Controlled by global P2P network of computers
Log transaction in block chain
Used anonymously