![]() ![]() ![]() The value of Bitcoins skyrocketed from around $32,000 to nearly $38,000 in January 2021 with the supporting tweets coming from Elon Musk who said bitcoins to be inevitable. The objective behind his brainchild was to allow online payments between two parties in the form of peer-to-peer version of electronic cash without the need for channeling the transactions through financial institutions. It has been 12 years since the idea of bitcoin was conceptualized and proposed by some individual under the pseudonym Satoshi Nakamoto in his paper named “Bitcoin: A Peer-to-Peer Electronic Cash System”. ![]() This article is written by Asmita Topdar, pursuing a Diploma in M&A, Institutional Finance and Investment Laws ( PE and VC transactions) from LawSikho. ![]()
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