Cryptocurrency Bitcoin Billionaires and Millionaires

The Decentralization of Ideas and Wealth: The Case of Bitcoin.

By Tom Okure, Ph.D
ICMS,Inc Reports
Date: April 16, 2021

Bitcoin is a digital and virtual cryptocurrency/money and is becoming a global idea. Those who took the risk early by adopting the idea of bitcoin are making and accumulating tremendous wealth worldwide. Many of the individuals who bought into the idea of cryptocurrency and invested large sums of their money into it, when most other people were skeptical of the idea of the virtual currency have become millionaires and even billionaires. 

Bitcoin was invented in 2008 as a virtual cryptocurrency. The actual inventor remains an unknown person or group of people that used the name Satoshi Nakamoto. One thing which appears certain is that the idea of Cryptocurrency did not originate from the west.  

The virtual currency became operational in 2009 when it was first implemented and released as an open-source software. Since it is a decentralized digital currency, Bitcoin is not controlled by any country’s central bank or single administrator. It is transacted or sent from user to user on a peer-to-peer bitcoin network without the need for any intermediaries. Users of Bitcoin verify their transactions by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Since Bitcoin is open-source, it is open to the public. Nobody or government currently owns or controls Bitcoin and anyone in any part of the world can take part. Its unique properties allow existing and new users previously excluded from mainstream  payment and transaction systems to conduct financial transactions.

Enjoy the two videos. 

Meet "The Secret Bitcoin Billionaire."

Meet The Bitcoin Millionair Who Lives in a Van

The Millionaire Who Lives in a Van

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All rights reserved by Tom Okure, Ph.D CEO of Inter-Continental Mgt. Systems, Inc (or ICMS Inc). ICMS, Inc, is a multifaceted business and management consulting firm with its head office in Albany, New York.