The Giannini Beacon Gazette
  • Articles
  • Jag Flair
    • Jag Flair Archive
  • About

🍂 Fall 2022 🍁


The Giannini Politics update, 2nd Edition

2/7/2018

 
Picture
By Ishaan Bhattacharya
      Welcome back to the Giannini Politics Update! Today there will be one topic of discussion: Bitcoin, the world’s largest cryptocurrency.

     Bitcoin, the world’s largest cryptocurrency, that is currently making its investors rich, has recently sunk below $10,000 and is now 50% off its all time high. The last time Bitcoin fell below the $10,000 mark was November 2017. Bitcoin could be falling behind in the cryptocurrency business as it dropped almost 19% within 24 hours.
      Now, some people may be wondering what Bitcoin is. Well, Bitcoin is a new form of currency created in 2009 by an unknown identity using the alias Satoshi Nakamoto. Bitcoin transactions are made without banks. But still, much of the excitement over Bitcoin is about getting rich by trading it.The price of a single Bitcoin skyrocketed into the thousands in 2017. Some people just buy Bitcoins hoping to see the price skyrocket (therefore making them rich), but it is useful for several other reasons as well.
      First of all, Bitcoin makes international payments easy because of the fact that they are not tied to any subject or country regulation. In addition, small businesses may like them because there are no credit card fees involved. Lastly, Bitcoins can be used to purchase merchandise anonymously.
      Cryptocurrencies like Bitcoin may replace regular currency in the future, so make sure to stay tuned for more news regarding cryptocurrencies.



Comments are closed.
    SUBMIT YOUR ART & WRITING!

    About Us

    Created by the
    A.P. Giannini MS Journalism Club. Sponsored by Sunset Neighborhood Beacon Center (SNBC) & the APG Library.

    SUBSCRIBE

    Archives

    October 2022
    February 2022
    December 2021
    May 2021
    April 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017

Powered by Create your own unique website with customizable templates.
  • Articles
  • Jag Flair
    • Jag Flair Archive
  • About