Simple Ways to Buy and Invest in Bitcoin

What is Bitcoin?

Bitcoin is a decentralized, peer-to-peer, digital currency system, designed to provide online users with the ability to process transactions through a digital unit of exchange known as bitcoins. In other words, it is a virtual currency.

The Bitcoin system was created in 2009 by an unknown programmer. Since then, Bitcoin has attracted much attention, as well as controversy, as an alternative to the US dollar, the euro and commodity currencies such as gold and silver.

Increase in popularity

Bitcoin did not gain much attention in the world of business and finance before 2009. It became prominent in the period 2011-2012 when it increased by more than 300%. Bitcoin has increased in value by 400% since August last year. As a result, venture capital firms and investors around the world continue to value cryptocurrencies.

In the first half of 2014, venture capital firms invested $57 million in Bitcoin in the first quarter, followed by another $73 million…

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