BTC stands for Bitcoin, which is a digital cryptocurrency—the first and most well-known of its kind. Here's a simple breakdown:
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🔹 What Is Bitcoin (BTC)?
Bitcoin is a decentralized digital currency that you can send over the internet.
It was invented in 2008 by a person (or group) using the pseudonym Satoshi Nakamoto.
It was created as an alternative to traditional (government-issued) currencies, aiming to give people control over their money without needing banks or governments.
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🔹 Key Features:
Decentralized: Not controlled by any government or central bank.
Limited Supply: Only 21 million bitcoins will ever exist.
Blockchain-Based: Transactions are recorded on a public ledger called the blockchain.
Peer-to-Peer: People can send BTC directly to one another without middlemen.
Divisible: You don’t need a whole bitcoin to use it—you can own a fraction (like 0.0001 BTC).
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🔹 What Is It Used For?
Investment: Many people buy BTC hoping its price will go up.
Payments: Some businesses accept BTC as payment.
Store of Value: Sometimes called "digital gold" because of its scarcity.
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🔹 Volatility
Bitcoin prices can fluctuate a lot. It's been as low as a few cents and as high as over $65,000 per BTC.
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