Understanding Cryptocurrency, Part 2: Digital Gold and Crypto Billionaires

Understanding Cryptocurrency

The growth of Bitcoin revealed an important truth about cryptocurrency: blockchain technology had been created to solve a technical problem, but enthusiasm surrounding Bitcoin was never solely about technology. For some supporters, Bitcoin was an act of protest against centralized financial institutions. For others, it was an opportunity to become rich. Competing motivations helped fuel the explosive growth of crypto in the 2010s and are essential to understanding cryptocurrency.

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