$BTC has been volatile, trading above $96,000, and some analysts predict it could reach $107,000 by May 9, 2025. The asset has experienced significant price spikes and a recent increase following Trump's pro-crypto appointment to the SEC, as well as Putin's comments on the role of the dollar. The asset's value is influenced by market trends, technological advancements, and adoption rates, with some experts predicting it could hit $100K in 2025.
Bitcoin is a decentralized digital currency that operates on a blockchain, a secure and transparent ledger. It is designed to be an online person-to-person currency, allowing direct payments without intermediaries. New Bitcoin is created through a process called mining, where users validate transactions and are rewarded with newly created coins. Bitcoin is a rapidly evolving asset with a history dating back to 2009.
