Prescott Regency - The Future of Cryptocurrency and Why Bitcoin is So Popular
There are some of you who might have come across the term cryptocurrency and yet are not entirely aware of its implications and functions. Defining Cryptocurrency It is a form of digital currency which is created as well as managed through cryptography, an advanced form of encryption technique. Initially, it was just an academic concept, but cryptocurrency took a giant leap when Bitcoin was created in 2009. The subsequent years saw Bitcoin attracting a huge following. It caught massive media and investor attention in the month of April 2013 when its price reached its peak at 266 USD per Bitcoin. The market value of Bitcoin reached more than 2 billion USD, but there was a plunge by 50 percent after that, this led to a significant debate on the kind of future cryptocurrencies are likely to have in general with particular emphasis on Bitcoin. Will such alternative forms of currency supplant the traditional currencies eventually and will they be as prestigious as Euros and dollars s