As it keeps breaking records on a daily basis, thousands of people join its network in the search of profit.
Speaking of the chance to make a profit, there are reportedly around 100,000 millionaires in the world who managed to make a fortune by trading with Bitcoin.
Even though Bitcoin is as legit and legitimate as it can get, there are still many people who believe that it is nothing but a scam.
The first and most common myth connected to Bitcoin is that it has no value.
Reputable platforms like Bitcoin Code collect all the data from the market about Bitcoin and use it to make accurate predictions on its future fluctuations.
Alternatively, you can use Bitcoin ATMs to sell Bitcoins and make money, but they are not as accessible as trading sites and charge a lot of fees.
The next myth that we are going to debunk is that you cannot use Bitcoin as a payment method and purchase products or services.
Not only did they make a billion in profits, but they also announced that they will accept it as a payment method for their vehicles.
Instead of naming one of the 5 million users, we are going to list some celebrities that are affiliated with this cryptocurrency.
The list includes Serena Williams, Logic, Elon Musk, 50 Cent, Snoop Dogg, Gwyneth Paltrow, Bill Gates, and many more.
A bonus myth that not even we can debunk concerns the creator of Bitcoin – Satoshi Nakamoto.