Bitcoin represents a first in human history of having a technology that provides an open-source monetary system for all—that is, a system for storing and transmitting an asset of value whose underlying code is entirely open to the public. Bitcoin, as a digital currency, helps address some of the shortcomings of fiat currency and gold: it’s easy to store, it’s decentralized, it has a fixed supply and it’s much easier to transport.
Watch the Bitcoin video for answers to some key questions on this topic:
- What is Bitcoin?
- Why Bitcoin?
- How does Bitcoin work?
- What risks should be considered before investing in Bitcoin?
When it comes to cryptocurrencies, one of the biggest challenges for investors is not getting caught up in the hype. Digital currencies, such as bitcoin, have quickly risen to a place of prominence in the portfolios of many retail and institutional investors. At the same time, analysts continue to caution investors about their volatile nature and unpredictability. Incorporating industry knowledge and developing an understanding of the digital currency market may help individuals with becoming more educated cryptocurrency investors.
To learn more about investing in Bitcoin, reach out to FS Investments or visit fsnydig.com.