Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group using the name Satoshi Nakamoto. It was designed as a decentralized digital currency, meaning it operates without a central authority or bank, and transactions are verified through a network of computers (nodes) using blockchain technology.
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⚙️ How Bitcoin Works
• Blockchain: A public ledger that records all transactions.
• Mining: The process of validating transactions and adding them to the blockchain, while earning newly minted BTC as a reward.
• Limited Supply: Only 21 million BTC will ever exist, making it deflationary and often compared to digital gold.
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📈 Why People Invest in BTC
• Store of Value: Many view BTC as a hedge against inflation, similar to gold.
• Decentralization: It offers financial freedom and sovereignty.
• Liquidity: BTC is the most traded and widely accepted cryptocurrency globally.
• Scarcity: The fixed supply adds to its long-term value proposition.
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🔍 Current Trends to Watch (As of May 2025)
• Institutional Adoption is increasing.
• Bitcoin ETFs in several countries have made access easier.
• Halving Events (next expected in 2028) continue to influence price cycles.
• Global regulation is becoming more defined, affecting market dynamics.