Do Recessions Impact Bitcoin? Bitcoin was created as a reaction to the Great Recession of 2008. No recessions have occurred in the United States since that time, so Bitcoin has never been tested in such dire economic circumstances like those of 2008. Bitcoin has plunged nearly 70% from its all-time highs of just over $68,000, but the economic challenges facing
Buying Bitcoin during a dip (sometimes called a bear market), can cause anxiety or fear, but buying during a dip is the best time to buy! In November 2021, the price of Bitcoin reached an all-time high of over $68,000, setting the cryptocurrency’s market cap to over $1 trillion. In just 7 months, Bitcoin has plunged nearly 70%, devastating investors
The History of Bitcoin In 2009, Satoshi Nakamoto released Bitcoin, the first decentralized cryptocurrency on the internet. It is still unknown whether Nakamoto is a single person or a group of people, or if he is even alive anymore, but that was the alias that the creator went by. In 2010, Nakamoto completely disappeared from Bitcoin’s operations after having mined
What is Causing the Recent Drop in Bitcoin Prices? Bitcoin’s value has dropped significantly in recent weeks, with a price of just $35,000 per coin at the time this is being written, down from an all-time high of $63,000 just a few months ago. This collapse has taken place in part as a turnaround against the sudden rise at the
Paper Wallets vs. Digital Wallets Paper wallets are pieces of paper that contain the keys for one’s Bitcoin address. They are completely offline, and the only way to get access to that account would be if someone found that piece of paper and scanned it. Digital wallets are online accounts that hold Bitcoin. They have much more functionality, but are
