Bitcoin was launched in 2009 as the first world decentralized digital currency. It is a natural evolution of money from coins, to paper money and now to digital money.
Its underlying technology is blockchain a cryptographically secured ledger that no single user can control, thus preventing forgery. Also, bitcoin has a cap of 21000000 that cannot be modified, what is considered by many a safety net against inflation.
The value of bitcoin is based on the fact that many people buy and sell bitcoins so it can be used as an investment and also for buying products and services from companies that accept bitcoins. The CME Group announced last Dec 1 that bitcoin futures contracts will be available on Dec 18, 2017
Bitcoin can easily cross borders facilitating international trade.
Some prominent businessmen have warned on the risk of investing in bitcoin, due to a potential bubble effect because of its exponential price increase in 2017
click image to read more