The first video in the Tip TV Blockchain Show, we discuss what a Bitcoin and Blockchain are, with inputs from Eddie Tofpik, Head of Foreign Exchange at ADM Investor Services, and Charlie Morris, Editor at Atlas Pulse, interviewed by Charlie Green from Emmet Green Associates.
What is a Bitcoin?
Also called as the internet money, Bitcoin can be termed as cash over the internet, as said by Morris. Morris further defines BTC as a cryptocurrency with a limited supply, a maximum of 21 Million coins in the market, and which behaves like a commodity, bit is used as money.
Morris highlights how a blockchain functions and the process of ‘mining’ bitcoins. Adding to this he says that the cryptocurrency has potential moving ahead, as the rate of supply is set to keep falling as time passes.
Tofpik takes a look at the technical charts for BTC/USD, showing the price swings, and comparing it with global macro situations. Tofpik highlights the key players in the bitcoin market – the Chinese.
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