A confirmed block is transferred to a virtual “ledger”, the so-called blockchain. The function of Bitcoin Mining is the confirmation and virtual booking of all processes within a block. Every 10 minutes) are summarized in a list. This works in such a way that all transactions within the network within a certain period (approx. All of these activities must be processed, recorded and managed so that they are hack-proof and tamper-proof as well as stored in a traceable manner. Wouldn't it therefore make sense, instead of speculating on the unpredictable, short-term price movements, to simply produce bitcoins yourself and to build up a large number of bitcoins in the medium to long term?Īround the clock, transactions take place around the world that involve paying with Bitcoins. In the past, however, this path was peppered with strong price fluctuations, which makes investing directly in Bitcoin, despite the overall more than positive price development, a big risk for many investors. On the whole, the Bitcoin price has only known one direction so far: up.
The Bitcoin price results exclusively from supply and demand, whereby Bitcoin, unlike our common paper money systems, is inflation-proof: The supply is limited to 21 million Bitcoins, which are expected to be produced by 2140 and demand is steadily increasing.Īgainst this background, short-term forecasts of between 90,000 and 500,000 USD per Bitcoin are increasing, and in the longer term, rates in the multi-digit million range are even spoken of. The performance is no less impressive:Īt the end of 2019, CNN named Bitcoin by far the best investment class of the past decade, with the price of a Bitcoin increasing 200,000 times during this time alone! The Bitcoin blockchain - completely independent of banks and governments - is not only the first and largest, but is also considered the most secure blockchain in the world due to its strong decentralization. Bitcoin is the oldest, largest and by far the best-known cryptocurrency in the world.
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