$BTC What is BTC?

BTC is the abbreviation for Bitcoin, which is the first and most well-known cryptocurrency in the world. Created in 2008 by a person (or group) under the pseudonym Satoshi Nakamoto, Bitcoin was officially launched in 2009 as a completely decentralized peer-to-peer electronic cash system.

Key Features of Bitcoin (BTC):

Decentralization: It is not controlled by any government, central bank, or institution.

Limited Supply: The total number of Bitcoins that can exist is limited to 21 million, creating a scarcity effect.

Global Transactions: Allows transfers of value to anywhere in the world, without intermediaries.

Transparency: The entire transaction history is recorded in a public database called blockchain.

Security: Uses advanced cryptography to ensure the security of transactions.

What is Bitcoin used for?

Medium of exchange: It can be used to pay for goods and services at establishments that accept cryptocurrencies.

Store of value: Many people use Bitcoin as a kind of “digital gold” to protect their wealth against inflation and devaluation of national currencies.

Investment: It is widely used as a speculative asset, with people buying and selling Bitcoins to make a profit.

Examples of use

Buying products online on websites that accept Bitcoin;

Investing expecting price appreciation;

Sending money to someone in another country quickly and with fees generally lower than traditional banks.