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Bitcoin: The Basics of the Cryptocurrency Everyone is Talking About

Investment Insights: Bitcoin: The Basics of the Cryptocurrency Everyone is Talking About

One of the most discussed topics in the investment world these days is bitcoin. Bitcoin, a type of cryptocurrency, took the world by storm when multiple cryptos appreciated by 1,000 percent or more in 2017. Though it’s often discussed, there is still confusion about what bitcoin is and what role it will play in the future. In this commentary, we will explain what cryptocurrencies are, their potential for disrupting the existing financial exchange system, and their viability for use in a diversified, institutional portfolio of assets.

What are Cryptocurrencies? What is the blockchain?

A cryptocurrency is a form of digital money that uses a distributed ledger system called blockchain to provide security, privacy, and transparency to transactions. This is different than our existing exchange system that relies on intermediaries like banks that utilize private centralized ledger systems. In other words, banks control the flow of financial transactions and keep records on their private servers. The goal of cryptocurrencies is to create a decentralized way to trade, buy, sell, and transact anything of value.

For the full commentary, download the PDF.

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