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BTC price:

$ 107,813.30

BTC CORE Rating:

GOLD

GOLD

CORE Rating

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Bitcoin received a Gold CORE Rating. Gold is the highest rating and it identifies assets that have notable advantages across the 10 Core Categories and have earned the analysts' highest level of confidence.

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Testimonials

We have witnessed CryptoEQ work tirelessly to build the crypto ecosystem in the communities in which they operate. The Texas Blockchain Council is proud to partner with CryptoEQ on their educational efforts as we work together to make Texas and the U.S. the jurisdiction of choice for bitcoin, blockchain, and crypto.

— Lee Bratcher, Founder of Texas Blockchain Council

CORE-report-Bitcoin

Bitcoin is the world’s first decentralized cryptocurrency built upon open-source software and blockchain technology that enables a global, permissionless, and peer-to-peer financial settlement layer as well as a pseudonymous, immutable, and censorship-resistant store of value. It is the world’s first (and largest) unfalsifiable, digitally-scarce asset that removes the need to trust and rely on payment processors, banks, or governments in order for one to participate in the global economy.

October 3, 2022 in Houston, TX. Written by: CryptoEQ Fundamentals Team.

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BTC Strengths

  • Bitcoin created the first trustless, permissionless, and borderless global payments network, which has begun to revolutionize international payments around the globe.
  • Bitcoin is the most censorship-resistant and immutable store of value in the world today, all while hosted on a transparent, fully-auditable public ledger.
  • Bitcoin is an apolitical alternative to fiat currencies with a hard-capped supply of 21 million coins.
  • Bitcoin has the longest history (13 years) and largest user base of any cryptocurrency,  currently estimated at more than 100 million users globally.
  • The increasing adoption rate of Bitcoin points to room for growth, with a historic 220% increase in the number of owners year over year. 

BTC Weaknesses

  • Bitcoin’s slow transaction times and high transaction costs prohibit it from being adopted for many day-to-day transactions.
  • The high energy usage required by Bitcoin mining and the potential environmental effects are easy criticisms of the project often levied by detractors.
  • An evolving regulatory environment could impact the future of Bitcoin in unknown ways.

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