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Amazon Web Services, Inc.

Amazon Web Services, Inc.

Bitcoin: One of the World's Largest Currencies Explained

Amazon Web Services, Inc.
Summary
Nutrition label

47% Informative

Bitcoin is a new form of secure currency that doesn't need a bank, government agency, or any middleman to operate.

It's estimated that about 14 million people around the world hold Bitcoin .

Bitcoins market cap is bigger than the GDP of Ireland and Pakistan , and the energy consumption to mine bitcoins globally is more than all of these countries.

Bitcoin is less than1% the value invested in all other major assets.

This technically means that there's a lot of room to grow.

It's also easier to get into Bitcoin than stock trading, so this bubble could go for longer than most people might expect.

Another cryptocurrency will probably knock Bitcoin off its throne in the years to come, Gogo says.

VR Score

31

Informative language

20

Neutral language

25

Article tone

informal

Language

English

Language complexity

31

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links