$BTC Bitcoin, is a decentralized digital currency that operates on a peer-to-peer network without a central authority. Created in 2008 by Satoshi Nakamoto, Bitcoin enables secure, direct transactions between users. With a capped supply of 21 million coins, Bitcoin's value is driven by scarcity and market demand. Its current price is around $103,536.29, with a market cap of $2.09 trillion. Bitcoin's uses include ¹ ² ³:
- *Investment Vehicle*: A store of value and potential long-term investment
- *Digital Payment*: Fast and cost-effective transactions without intermediaries
- *Store of Value*: Similar to gold, Bitcoin's scarcity contributes to its value