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How does Bitcoin make money?

Jim Haastrup
By Jim Haastrup
1 Min Read
How does Bitcoin make money?

There are a few different ways that Bitcoin makes money. One of the most common way is through BTC mining. New Bitcoins are generated by mining. Miners are rewarded an amount of Bitcoins for every block of transaction data that they process. 

In addition to mining, people can also earn Bitcoins by providing goods and services in exchange for the cryptocurrency, or by buying it on an exchange. 

Some people simply hold onto their Bitcoins as an investment, hoping that they will appreciate in value over time. However, there are different ways to earn money from BTC trading both in the spot and futures market. 

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Jim-Haastrup
ByJim Haastrup
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Jim Haastrup is a blockchain and technical writer at Voice of Crypto, where he covers cryptocurrency, NFTs, DeFi, GameFi, and the Metaverse. Before joining Voice of Crypto in 2022, he spent over three years as a senior technical writer across multiple blockchain projects, including Hashtoken, Naxar, and Bino, where he specialized in whitepapers, technical documentation, and content strategy for decentralized finance applications. Jim began his career as a junior technical writer at RM in Canada before advancing to lead technical writing roles at Bulltoken, a cryptocurrency crowdfunding platform in Norway. Throughout his career, he has authored more than 800 articles and collaborated with development teams to translate complex blockchain protocols into accessible content for diverse audiences including developers, investors, and crypto enthusiasts. His work spans ICO/STO/IDO research and analysis, cryptocurrency market trend forecasting, and social media management for crypto brands. Jim has helped numerous startups build their online presence through strategic content marketing, technical whitepapers, and pitch deck development. Jim graduated from the Federal University of Agriculture, Abeokuta (FUNAAB), Nigeria with a Bachelor of Engineering in Electrical Engineering in 2021. Disclosure: No significant crypto holdings.

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