Bitcoin is without a doubt making a big splash in institutional investment circles. Specifically, news stories are pouring out daily about institutional investment firms and regulators enacting new policies and partnerships to assist in the process of blockchain technology integration into their businesses and crypto adoption.
Bitcoin and other cryptocurrencies are fundamentally about decentralized, global, financial independence and freedom, and the ability to have complete, full ownership of your assets. Bitcoin is a borderless, censorship-resistant digital currency and available to anyone across the globe with internet access. Consequently, crypto, at least in theory, lends itself well to being an asset class for international travelers or “digital nomads”.
Most people in today’s society have heard of either cryptocurrencies in general, or at least Bitcoin specifically. The crypto market keeps growing, and as of 2020, crypto awareness is arguably bigger than ever before. Along with this surge in public interest, people are also starting to open their eyes to the technology behind cryptocurrencies such as Bitcoin. The fundamental technology for cryptocurrencies is blockchain, and this is an essential cog in the crypto machine.
So, say you’ve just invested in your first crypto, more than likely Bitcoin, and now you’re wondering what to do with it. There are many different options to explore, some of which we will discuss below. Perhaps you are reading this because you feel close to investing in your first crypto, but you are unsure what to do with Bitcoin afterward. Further on, we shall explain the value of holding Bitcoin, alongside ways and means to make your Bitcoin work for you.
As long as you haven’t been living under a rock, you will likely have heard of Bitcoin. You may know Bitcoin as the revolutionary digital currency, or you may have been led astray by the baseless rumours that Bitcoin “is only used for dark web online purchases” or illegal activities. However, this couldn’t be further from the truth. Bitcoin and other cryptocurrencies like it are rapidly becoming widely accepted both in institutional sectors and in the wider society. With growing interest, a lot of people are now asking ‘Where can you actually spend Bitcoin?’.
In the years following its inception back in 2009, Bitcoin was regarded as somewhat of a – however undeserved – poster-boy for cybercrime and illegal activity. Over the past decade, if you asked anyone in the street what they thought about Bitcoin, the small minority that had even heard of it would likely have told you that it’s either a scam, a Ponzi scheme, or only used for illegal purposes. However, this erroneous view is quickly changing.
Wrapped Bitcoin (WBTC) is an ERC-20 token with a 1:1 peg to Bitcoin. This means that users can seamlessly convert their Bitcoin tokens to a wrapped version and use them on the Ethereum blockchain. In essence, WBTC succeeds in bringing the liquidity of Bitcoin over to the Ethereum network. So, why should you care? Well, if you’re a Bitcoin hodler, you can now put your BTC to work on Ethereum in places like decentralized finance (DeFi).
Does the COVID-19 coronavirus pandemic affect cryptocurrency in any way? In this age of information, it can sometimes be difficult to determine what is true and what is not. The rise of “fake news”, coupled with extreme economic uncertainty is distorting our perception of reality and changing the fabric of our lives. Throughout mainstream media, there is an abundance of misinformation and misrepresentation of facts, with much of the conversation in the news falling short of any substantial discussion.
Terms like Bitcoin, blockchain technology, and cryptocurrency alone can feel intimidating to some people, others though may feel excited to hear about it. Blockchain is a relatively new technology given to us by an anonymous developer(s) known as Satoshi Nakamoto in 2008, and is still in the ‘early adoption’ phase. As such, there is still some fear or confusion around the subject, due to a lack of understanding and education. Some people, however, are intrigued about the subject enough to dig a bit deeper, and will start searching the internet for Bitcoin courses to learn more – if you are one of those people, welcome!
Absolutely. You can upgrade your plan at any time.
No worries, there are no long-term commitments or complicated contracts. If you decide that Moralis Academy isn’t right for you, you can cancel your account at any time.
No, you will be able to start your journey with a programming bootcamp where you will learn all the programming basics you need in order to continue with other courses. All you need is the right mentality.
The learning experience you get in the Academy cannot be compared to anything else out there. Youtube can bring you some of the information, even though it often is fragmented, outdated or hard to follow for beginners. We have spent the time to create a complete package that you can follow step by step, where we guide you by the hand and push you to learn and practice.
Regardless if you’re interested in switching career field, investing or just exploring cutting edge technology, the knowledge you’ll acquire here is unique, rare. After graduating from the Academy, you will be among the top 1% in terms of cryptocurrency and blockchain knowledge.
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All our Bitcoin trend posts are gathered here for your convenience. Whether you’re a developer, investor, or completely new to Bitcoin, there’s knowledge for everyone here. Get the latest news about Bitcoin – from crypto mining to in-depth guides where we compare crypto with different asset classes. We have topics such as Bitcoin vs gold, stocks vs Bitcoin, investing in crypto, but also informative content explaining blockchain programming. Bookmark this page in your browser and you’ll be sure to read our latest Bitcoin news. Our team has been working with blockchain technology for numerous years and is now revolutionizing the industry with the Moralis Web3 platform.
“Crypto never sleeps” is a common phrase in the blockchain industry. Specifically, crypto changes on a day-to-day basis, and keeping up to date is crucial if you want to stay ahead of the trend. With the Moralis Academy blog, not only will you stay ahead of the trend, but you’ll get the knowledge from actual professionals that are developing the technology. Our blog is updated regularly with the latest topics and discussions so that you won’t miss out on anything that is happening in the crypto space. Use our search bar and find your favorite article instantly or a specific topic you eagerly want to learn more about. All this and much more, only at the Moralis Academy Blog!
