BTC is the abbreviation for Bitcoin, a decentralized cryptocurrency created in 2009 by a person (or group) under the pseudonym Satoshi Nakamoto. It operates without the need for intermediaries, such as banks, and allows direct transfers between users through blockchain technology, a public and immutable digital ledger. There will only ever be 21 million bitcoins, making it a limited asset. BTC is used as a medium of exchange, a store of value, and in some cases, as a speculative investment. Its price is highly volatile and is determined by supply, demand, and external factors such as regulations or economic events. Bitcoin has influenced the development of thousands of other cryptocurrencies and is considered the pioneer of the crypto ecosystem.
