The Bitcoin Phenomenon

  • Published 5 years ago
  • 6

It is hard to look at what Bitcoin is doing, and not call it a phenomenon. Some people believe it will implode one day, but when will that day come? The price of a single bitcoin is currently over $5,000, which is 1/4 of the price of a gold bar.

Bitcoin is not under any control, or any regulation. That makes it extremely unpredictable. Back in the days when Bitcoin was starting, nobody expected such surge. As a result, many currencies have tried to replicate the success. But none comes close.

A year ago, the value of bitcoin was $10.4 billion. Now, it is over $100 billion, more than Goldman Sachs. This documentary looks at the history of bitcoin, the ideologies, and the conflict between the early adopters and the ones who joiner later on.

Whether bitcoin bubbles, or reaches a new high, we will see in the future. For now, it is one of the most sought assets in the modern world.

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