Bitcoin, usually symbolized as ₿, is a cryptocurrency or let's say, a virtual currency or money which was invented in 2008 by an unknown person or group of people, using the name Satoshi Nakamoto, for whose name sake, is believed to be from Japan.
Till date, no one knows the real identity of Satoshi Nakamoto, though some individuals have claimed ownership of the name.
The currency (Bitcoin, ₿) began use in 2009 when its implementation was released as open-source software. Since then, it's has gained not only popularity but also, a massive upward rise in its value.
There are 3 ways to primarily obtain /own Bitcoin.
1. By mining Bitcoin (the method of generating new coins in which computers are used to solve complex mathematical formulas or puzzles)
2. By using it as a medium of exchange ( accepting them for goods or services rendered)
3. By buying, either on an exchange or from an individual /company.
Due to the global demand for Bitcoin and its high value, it becomes increasingly difficult to obtain at least a fraction of the cryptocurrency, however, its price can be volatile at times.
As Ghanaians, should you decide to buy this cryptocurrency, which is increasingly becoming popular, this is how much it will cost in Ghana cedis, to obtain just 1 Bitcoin.
The data presented below represents search results on Google at our time of search and the figures could be higher or lower at any point in time.
Per out search, 1 Bitcoin costs approximately 233,002.85 Ghanaian Cedi, which is also the dollar equivalent of $40,163.80.
Well, this could be quite a huge amount to obtain not more than 1 unit the cryptocurrency, but could be an avenue for investment for someone, who see the value of the cryptocurrency to go up, despite the high risk and volatility of the crypto.