$BTC
Bitcoin is a decentralized digital currency that operates without a central bank or administrator. Created in 2009 by an unknown individual or group using the pseudonym Satoshi Nakamoto, Bitcoin uses blockchain technology to verify and record transactions, making it transparent, secure, and free from intermediaries ¹.
*Key Features of Bitcoin:*
- *Decentralization*: Bitcoin is not controlled by any central authority, making it resistant to censorship and government manipulation.
- *Limited Supply*: The total supply of Bitcoin is capped at 21 million coins, which makes it deflationary in nature.
- *Transparency and Security*: The blockchain is a public ledger that records all transactions, ensuring transparency and security.
- *Borderless Transactions*: Bitcoin enables global payments without intermediaries, reducing costs and increasing efficiency .
*How Bitcoin Works:*
- *Mining*: Bitcoin transactions are verified and added to the blockchain through a process called mining, which uses powerful computers to solve complex mathematical puzzles.
- *Blockchain*: The blockchain is a distributed ledger that records all transactions, ensuring transparency and security.
- *Wallets and Keys*: Bitcoin users store their coins in digital wallets, which are secured by private keys .
*Bitcoin's Impact:*
- *Financial Inclusion*: Bitcoin enables access to money for the unbanked and underbanked populations.
- *Inflation Hedge*: Bitcoin's limited supply makes it an attractive asset for countries with weak currencies.
- *Remittances*: Bitcoin reduces costs for international money transfers.
- *Government Adoption*: El Salvador made Bitcoin legal tender in 2021, paving the way for other countries to follow suit .
*Current Market Status:*
- *Current Price*: $104,338.31 (as of June 1, 2025)
- *Market Capitalization*: $2.09 trillion (as of June 1, 2025)
- *Recent Trends*: Bitcoin's price has been volatile, with recent inflows of $3.3 billion in crypto funds .
