The best way to understand crypto —how a blockchain works, why it matters, how the space has evolved — is to start with Bitcoin. The original cryptocurrency continues to dominate all other forms of digital money—it’s most people’s gateway to the wider crypto world, and its technology provides the foundation for a lot of what came after. Here are some of the best explanations of what Bitcoin is and how it gave rise to the entire crypto ecosystem.
In just a little over a decade, Bitcoin’s market cap has gone from nothing to over $1.2 Trillion (as of May 2021). If you want to understand where Bitcoin has been and where it’s headed, Coinbase gathered insights from some of crypto’s biggest and smartest investors:
Bitcoin is considered the first successful cryptocurrency. Coins produced after Bitcoin are reffered to as "Altcoins." Ethereum is currently the second largest cryptocurrency. Ethereum took Bitcoin’s blockchain idea and made it more flexible – allowing it to power everything from games to tools that are creating an entire decentralized alternative to the financial system. But while it might be the second-biggest digital currency by market cap, it’s certainly not the only Bitcoin alternative. Learn about Ether and other altcoins here.
The following YouTube channels produce several videos each week that explain the cryptocurrency investment industry news and implications. They will help you identify the most relevant news and provide you with expert insight on how investors should interpret it and act on it. Some channels focus on one or two cryptocurrencies with in depth analysis, while others provide key highlights across the entire market. If you plan to invest heavily in cryptocurrencies, it is best to regularly watch a variety of their productions. The best part is that it is all free education and coaching! Many of these channels also conduct promotions with free giveaways to boost their audience numbers. There are scammers on YouTube! Never send anyone your crypto!