Invented in 2009 by a person (or a group of people) called Satoshi Nakamoto, Bitcoin is the first cryptocurrency. The stated goal of Bitcoin was to create “ a new electronic cash system” that was “completely decentralized with no server or central authority.” The fiat currency is prone to inflation, not private, separated into 180 different currencies, hard to divide into smaller fragments, vulnerable to rising transaction fees and much more. Bitcoin on the other hand is a purely peer-to-peer electronic cash system that does not have any of the features of the fiat currency. Bitcoins can be sent from person to person without the need of a financial institution.

Bitcoin is the most growing asset class in the world and has been nicknamed ‘Digital Gold’. In addition to having the characteristics of money, i.e. durable, portable, fungible, scarce, divisible, and recognizable, Bitcoin is also decentralized, censorship resistant, secure, and borderless.  Because of its limited total supply of 21 million coins and its indestructible network, it is believed that Bitcoin’s value will continue to appreciate over time.