Bitcoin, also called a mobile currency or a crypto currency, was created in 2009 by Satoshi Nakamoto, a mysterious individual or a group of people whose true identity is still unknown today. The main idea behind the establishment of this virtual currency was to enable quick and cheap online payments without the need to use traditional banking channels. Bitcoin gained in popularity when its price jumped from around 572.33 U.S. dollars in August 2016 to approximately 4,764.87 U.S. dollars in August 2017.
However, the future of this virtual currency is yet unknown. If the most important difficulties are overcome and people all over the world start to trust in Bitcoin, it might become one of the most popular online payment means.
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