Bitcoin (BTC)

Bitcoin is the first, and most recognized cryptocurrency in the world. Bitcoin maintains the largest market capitalization in the cryptocurrency market. In just over three years of reaching $1 trillion USD market cap in 2021, Bitcoin has breached the $2 trillion USD market cap on December of 2024. The appeal of Bitcoin is tied to its decentralization, the whole bitcoin network functions without a central bank or any intermediaries. The scarcity of the coin - limited to a total supply of 21 million coins - is also a contributing factor in its appeal as an appreciating store of value against any country's inflationary currency.

Worth about $0.06USD in 2010 to a high of over $108,268 in December 2024... a whopping 180,447,000% increase in value.

With more corporations adopting to hold Bitcoin as an asset, to even countries opting to use it as legal tender, Bitcoin has seen a tremendous rise in value; worth about $0.06USD in 2010 to a high of over $108,268 in December 2024 - a whopping 180,447,000% increase in value.

With all the optimism surrounding Bitcoin, there are also political issues that plagues the cryptocurrency. Environmental impact from mining on the Bitcoin network, uses an estimated 80 terawatt-hours of electricity annually, which is greater than some countries! Regulatory issues, legal issues with corporations holding bitcoin and governments attempting to tax crypto profits are also in the headlines.