Why did Bitcoin rise in value? Everyone gets caught up in the bitcoin bubble craze when they could be learning about the technology that enabled the bitcoin. In the cryptocurrency world, Bitcoin, otherwise known as BTC, and the blockchain it runs on is just as outdated as your dial-up internet connection. It’s considered Blockchain 1.0 and the crypto industry is actively developing Blockchain 3.0 and 4.0. This is where the real magic lives for businesses. The newest versions of the blockchain will offer transformational changes in recruiting and every other industry around the world.