Bitcoin is a digital currency—also known as a cryptocurrency—that was invented in 2008 by an unknown person or group using the name Satoshi Nakamoto. It was created as a new kind of money that doesn’t rely on banks or governments.
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Here are the key points about Bitcoin:
🔑 Main Features:
1. Decentralized – No central authority (like a bank or government) controls Bitcoin.
2. Limited Supply – Only 21 million Bitcoins will ever exist.
3. Blockchain Technology – All transactions are recorded on a public ledger called the blockchain.
4. Peer-to-Peer – You can send Bitcoin directly to anyone, anywhere in the world.
5. Digital and Secure – It uses cryptography to protect transactions and wallets.
💡 Why Bitcoin Is Important:
Freedom of Money – Anyone can use it without needing permission.
Lower Transaction Fees – Especially for international payments.
Store of Value – Some people call it “digital gold” because it’s limited in supply and resistant to inflation.
Investment – Many people buy Bitcoin hoping its value will go up over time.
⚠️ Risks:
Price Volatility – Bitcoin prices can go up and down rapidly.
Regulatory Uncertainty – Different countries have different rules.
Security – If you lose your private key, you lose access to your Bitcoin.
In simple terms:
Bitcoin is like internet money. You can use it, store it, send it, or invest in it—without needing a bank.
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