$BTC

$BTC Bitcoin is traded as a security and can be exchanged for fiat currencies or other cryptocurrencies through cryptocurrency trading platforms. Since it is a decentralized digital currency, its value against fiat currencies, such as the US dollar or Japanese yen, depends on supply and demand, not on central bank policies.

Interestingly, some online merchants now accept Bitcoin as a means of payment for their goods and services. However, due to the high volatility of cryptocurrencies, governments around the world remain hesitant to recognize it as legal tender. Bitcoin has also faced criticism for its use in illegal transactions and its high electricity consumption.