$BTC ChatGPT
You said:
ChatGPT said:
Are you asking about Bitcoin (BTC)? If so, do you want information on its current price, how it works, how to invest, or something else?
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You said:
Bitcoin
ChatGPT said:
Bitcoin (BTC) is a decentralized digital currency that allows peer-to-peer transactions over the internet without the need for a central authority like a bank. It was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto.
Here are a few key points about Bitcoin:
Blockchain: Bitcoin runs on a blockchain, a public ledger that records all transactions transparently and securely.
Mining: New bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems.
Limited Supply: There will only ever be 21 million bitcoins, making it deflationary by nature.
Use Cases: It's used for investment (as a store of value), online purchases, and transferring money across borders.
Volatility: Bitcoin is known for its price volatility—its value can swing dramatically in short periods.
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