#BTCBreaks99K Bitcoin is a decentralized digital currency that enables instant payments worldwide without central authority oversight. Created in 2009 by Satoshi Nakamoto, Bitcoin operates on a peer-to-peer network, recording transactions on a public ledger called the blockchain. This decentralized nature allows for secure, transparent, and private transactions without intermediaries.
*Key Features:*
- *Limited Supply*: Bitcoin has a capped supply of 21 million coins, making it a scarce asset.
- *Decentralized*: Bitcoin is not controlled by any government or institution, giving users full control over their funds.
- *Security*: Advanced cryptography protects Bitcoin transactions and wallets from unauthorized access.
- *Global Accessibility*: Bitcoin can be sent and received anywhere in the world, making it a global currency.
*Current Status:*
- *Market Capitalization*: $1.87 trillion
- *Current Price*: $95,132.22
- *Daily Change*: 1.16%
Bitcoin's unique characteristics make it an attractive investment option, a store of value, and a medium of exchange. Its adoption as legal tender in countries like El Salvador and growing interest from investors have contributed to its popularity. However, Bitcoin's volatility and regulatory uncertainties remain concerns for users and investors ¹.