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What Is Bitcoin? A Simple Investing Explainer.

Bitcoin has transformed the world's financial institutions and businesses.

Opinions expressed by Entrepreneur contributors are their own.

Last year, we saw the biggest drop in the economy since the Great Depression, however, we started seeing the first real signs that the global financial system is migrating towards fast-growing markets for digital assets.

To truly understand crypto, we need to start from the beginning. Bitcoin was invented by a person identified only as "Satoshi Nakamoto" in an October 2008 whitepaper. Working with a crypto mailing list, Satoshi Nakamoto launched Bitcoin (an electronic version of money that verifies its transactions through cryptography) on January 3, 2009. Its unique identifier was its peer-to-peer system that couldn't be controlled by any government or person.

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