15 Questions
Which characteristic does Bitcoin possess?
Imprinted nature
What distinguishes Bitcoin from traditional currencies?
Physical backing
In terms of physicality, how does Bitcoin compare to most forms of money?
It has no tangibility
What is a key feature of an electronic digital currency like Bitcoin?
Decentralized nature
Which aspect of money does Bitcoin disrupt the most?
Durability
When did the price of Bitcoin first reach $1,000?
Mid-2011
How many digital currencies were there by March 2021?
1,300
At what price did Bitcoin reach $35?
$0.0001
Which year saw Bitcoin reaching a value of $19,000?
2017
How did the popularity of digital currencies vary?
Varied across different currencies
Which of the following is a function of electronic money that is not typically associated with traditional money?
Facilitating decentralized transactions
Which of the following cryptocurrencies is not considered to be one of the most famous?
Bitcoin Cash
How does electronic money differ from traditional money in terms of its origin?
Electronic money is created through a decentralized process
Which of the following statements best describes the evolution of money?
Money has evolved from a barter system to a fiat system
Which of the following is not a characteristic of Bitcoin, as a form of electronic money?
Bitcoin is regulated by a central authority
Explore the concept of Bitcoin, a digital currency that exists electronically and has no physical form. Learn how this revolutionary currency is changing the world of finance.
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