Introduction to Bitcoin

Introduction to Bitcoin
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So you want to learn about Bitcoin. Great! It is one of the best things you can do for yourself and your family. While there is a lot to learn, we have plenty of content available at 1Bitcoin.ca to help shed some light on this exciting new asset. If you’re ready to take the next step beyond learning, you can also explore how to Buy Bitcoin in Canada safely and securely.

Simply put, Bitcoin is the internet of money, the money layer of the internet. An engineered monetary network that allows you to transfer value, peer to peer, with no third-party intermediary. This same technology also makes it possible to exchange Bitcoin privately and efficiently through services like Bitcoin OTC Canada for those looking for a more personalized experience.

It is not far-fetched to say that Bitcoin is one of the most profound inventions of our time. While computers changed the way we live and work, and the internet allowed those computers to communicate, Bitcoin is the final piece of the puzzle—allowing value to move freely without a middleman.

Bitcoin is not an app. It is not a company or a stock. Bitcoin is not a get-rich-quick scheme. Bitcoin is simply a technology—a protocol to communicate value and store wealth in an asset that no government or corporation can dilute or inflate. As adoption grows, many people also want to understand how and when to responsibly exit positions, which is why resources on Sell Bitcoin Canada can be just as important as buying.

Bitcoin is going to do to money and banks what the internet did to media and entertainment. Do not underestimate the changes we will witness in a Bitcoin world.

In only 12 years, Bitcoin has already reached a market value of approximately $1.4 trillion CAD, with an estimated 100 million people globally having some exposure—just over 1% of the world’s population. It’s still very early.

In the following blogs, we will talk about how Bitcoin works, why we focus on Bitcoin only, and how to interact with and secure your Bitcoin. If you have any specific questions you can’t find the answer to on our site, just reach out—one of our Bitcoin Brokers will be glad to help.

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