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What is bitcoin and why is so popular?

Bitcoin is widely accepted as being the first cryptocurency or virtual currency. The concept was first conceived by an unidentified group of programmers known as Satoshi Nakamoto in 2008. In 2009 it was made available as open source software.

The principle behind bitcoin is that of a mathematical formula, the currency is not controlled by any central bank. Unlike traditional currency, bitcoin's value is not determined by gold or silver.

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Disclaimer

All information provided at Global P2P Lending is for informational purposes only and does not constitute professional financial advice. Please contact an independent financial professional for advice regarding your specific situation.

Alternative investments can be risky and it may not be suitable for your financial situation. You should always conduct your own due diligence before making any investment decision.