$BTC

### **Bitcoin (BTC) – The Ultimate Guide (2024 Update)**

Bitcoin remains the **#1 cryptocurrency** by market cap, adoption, and institutional interest. Here’s everything you need to know about BTC in 2024.

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## **1. Bitcoin Basics**

- **Symbol:** BTC

- **Market Cap:** ~$1.2 Trillion (as of 2024)

- **Max Supply:** 21 Million (hard cap)

- **Current Circulating Supply:** ~19.7M (94% mined)

- **Consensus Mechanism:** Proof-of-Work (PoW)

- **Founder:** Anonymous (Satoshi Nakamoto)

- **Key Use Cases:** Digital gold, store of value, hedge against inflation, global payments.

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## **2. Why Is Bitcoin Valuable?**

✅ **Scarcity** – Only 21 million BTC will ever exist.

✅ **Decentralization** – No single entity controls Bitcoin.

✅ **Security** – Most secure blockchain (highest hash rate).

✅ **Adoption** – Held by institutions (MicroStrategy, Tesla), ETFs, and nation-states (El Salvador).

✅ **Inflation Hedge** – Fixed supply vs. fiat money printing.

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## **3. Bitcoin Price Analysis (2024 Trends)**

### **Current Price (Live Data Needed)**

- **ATH (All-Time High):** ~$73,800 (March 2024)

- **2024 Performance:** Up ~60% YTD (as of mid-2024)

### **Key Price Drivers in 2024:**

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