Although the Bitcoin phenomenon has been effectively dismissed by most of the financial community, it has offered those looking to invest in the currency unique opportunities not available compared to fiat currency. As mentioned earlier in this essay, the Bitcoin production and transaction network is completely independent of banking or government intervention. Where governments typically control the production and amount of money in circulation for an economy, the amount of Bitcoin depends solely on the amount in circulation that already exists on the internet and how many people are mining new Bitcoin. Since transactions are always P2P, Bitcoins are completely free of regulations or other limits set by third parties that impact fiat currencies (Faktor). Currency is also limited to the quantity that can be produced in a period of time (Nakamoto). Compared to a state-run entity that can put an excessive amount of money into circulation, such as Quantitative Easing I-III implemented by the US Federal Reserve Board of Governors, Bitcoin’...