what is bitcoin mining

bitget is the leading crypto exchange platform for crypto derivatives trading. buy btc and eth at bitget and begin your crypto trading journey now! With bitcoin’s recent plunge, MicroStrategy has lost US$1 billion in investments while Saylor’s net worth reportedly dropped to around US$500 million. Still, the bitcoin bull is not showing any signs of slowing his buying binge soon. Still, Quinn what's the value of one bitcoin argues that most cryptocurrencies could be viewed as a form of “improvement on the traditional Ponzi scheme,” and he isn’t the only one with that perspective. JPMorgan Chase CEO Jamie Dimon made a similar claim in September of last year, calling cryptocurrencies “decentralized Ponzi schemes” in testimony to the U.S. House Committee on Financial Services.