Bitcoin is one of the most popular digital currencies of our age. It is created, held and transferred online. The idea of Bitcoin was a brainchild of Satoshi Nakamoto – a gifted programmer. The main distinction between Bitcoin and paper currencies is that Bitcoin can be created (mined) with only a limited quantity. Whereas, paper currencies are usually printed by central banks in large quantity just to settle national debts and fiscal deficits etc. which consequently leads to widespread inflation and poverty. Bitcoin saw many ups and downs during its brief history. Let us outline major Bitcoin crashes with the help of an infographic.
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