$BTC Bitcoin is essentially an investment similar to gold and other precious metals, rather than a traditional currency. Like commodities, it is beyond the direct influence of a particular economy, and is not significantly affected by changes in monetary policy.
Remember that while Bitcoin is not affected by many of the factors that affect traditional currencies, there are a number of unique influences to consider.
How does Bitcoin work? Bitcoin requires two basic mechanisms to operate: blockchain and mining. Bitcoin is essentially an investment similar to gold and other precious metals, rather than a traditional currency. Like commodities, it is beyond the direct influence of a particular economy, and is not significantly affected by changes in monetary policy.
Remember that while Bitcoin is not affected by many of the factors that affect traditional currencies, there are a number of unique influences to consider.
How does Bitcoin work? Bitcoin requires two basic mechanisms to operate: blockchain and mining.
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