CoinMENA University

In the world of cryptocurrencies, Bitcoin stands as a pioneering beacon, a revolutionary creation that has transformed our understanding of money and value.

As the global debt-to-GDP ratio continues to increase, and U.S. debt continues to rise exponentially, it's vital to scrutinize the economic theories underpinning these deficits.

Bitcoin has a predetermined supply schedule that caps the total supply of bitcoin at 21 million bitcoin (BTC). Mining bitcoins is the only way new bitcoins are created and entered into circulation.

In the wake of the spot bitcoin ETF's recent approval, there's a growing curiosity about the intricacies of ETFs and their distinctions from direct bitcoin purchases.

Though some might critique the energy expenditure required for Bitcoin mining, the real comparison is against other monetary standards.

Since energy is available and priced on the market, the fact that miners are able to use it cost-effectively is an indicator that it is not wasteful. What makes proof of work efficient?

On January 3, 2009, a pseudonymous genius named Satoshi Nakamoto officially invented Bitcoin. Whoever this mystery person or group is, they managed to create the world's first cryptocurrency that would soon change everything as we know it.

Work is energy. Everything in our lives is closely linked to the price of energy. The cost of any good largely reflects the energy used in producing that good. Bitcoin is no different. To mine new coins requires work, i.e., energy.

Gold has been the preferred store of value commodity for centuries. The main reason for this is scarcity, the more scarce something is, the higher its value.