$BTC Bitcoin (BTC) is a decentralized digital currency operating on a peer-to-peer network, utilizing blockchain technology for secure and transparent transactions. Its key features include¹ ² ³:
- *Decentralization*: No central authority controls Bitcoin, giving users financial independence.
- *Limited Supply*: Only 21 million Bitcoins will exist, making it scarce.
- *Security*: Transactions are recorded on a public ledger called the blockchain, ensuring transparency and immutability.
- *Store of Value*: Bitcoin is seen as a hedge against inflation and a safe haven during economic downturns.
- *Divisibility*: Bitcoin can be divided into smaller units called Satoshis.
The current price of Bitcoin is around $103,335.15, with a market capitalization of approximately $2.08 trillion.⁴