Bitcoin is a unique asset and a unique form of money. It is both an invention and a discovery – one that does not fit our pre-existing models. As the first digital bearer asset, it is changing the way we interact with money from the perspective of ownership.
This provides exciting opportunities as well as increased responsibilities. Private keys can be viewed as digital passwords that provide access to your money. The protection and management of private keys is an essential, fundamental aspect of participating in the Bitcoin network. An adverse event related to private key management can lead to permanent loss.
Understanding Bitcoin requires time and effort. The exchange rate between bitcoin and fiat currencies (e.g., the dollar) can be highly volatile. Bitcoin may not be suitable for every situation, for example, the financial planning of near-term expenses or liabilities.
If a statement, quote, chart, or visual provided by Lyncster appears to be opinionated in nature, you are to conclude that it is an opinion of Lyncster and/or the source provided.
Past trends and analysis do not guarantee future results.