Since the invention of Bitcoin in 2008, it has grown greatly in value and popularity worldwide. While Bitcoin was intended to be a medium of exchange, it is today considered a store of value, with its open, permissionless, and decentralized properties keeping it free from the control of governments or a small group of individuals. Despite its volatility, Bitcoin was the best-performing asset from 2011 to 2021, and its value remains on the uptrend.
According to David E. A. Wynn, co-founder of digital cloud mining operator Signature DeFi, more and more investors are seeing the value of investing in Bitcoin and other cryptocurrencies. Some of the world's largest asset managers have successfully launched Bitcoin exchange-traded funds. The London Stock Exchange has listed crypto exchange-traded products for the first time after the UK's Financial Conduct Authority (FCA) revised its stance on cryptocurrencies.
