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In your own words and understanding of Bitcoin, Respond to this post about in an academic MAnner.
“Bitcoin is a digital currency that was created in 2009 that uses peer to peer technology to facilitate instant payment following the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.
Global adoption of bitcoin is accelerating. For example, the number of users of the popular Blockchain wallet steadily increased throughout 2020, and accelerated steeply last November at the pace it has maintained since. The company’s data shows an increase from 47 million to almost 71 million wallets in the past 12 months. According to Square, the Cash App generated Cash App generated $1.76 billion of bitcoin revenue in Q4 2020 – up 10times year on year. Total bitcoin revenue for 2020 was $4.57 billion – up 9times on 2019. In January 2021, Square says more than one million customers purchased bitcoin for the first time”
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