In the space of a decade, cryptocurrency has exploded from an obscure technology used mainly by geeks and hackers into an emerging asset class worth more than a trillion dollars. Mainstream financial institutions like Blackrock and Fidelity have now entered the Bitcoin market, and major corporations are adding it to their balance sheets too.

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Some people think it’s the greatest invention since the printing press. Others think it’s the biggest scam of all time. So what is bitcoin, really?

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Bitcoin, cryptocurrencies and blockchain technologies in general are sparking a revolution in commerce. Many people ​turn to cryptocurrency exchanges like Coinbase to buy and sell crypto assets. ​In recent years, some have expressed interest in investing in bitcoin and other cryptocurrencies within a self-directed ​IRA.

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