🔍 1. What Is Bitcoin (BTC)?
Bitcoin is the first decentralized digital currency, created by Satoshi Nakamoto in 2009. It runs on a peer-to-peer blockchain network, allowing value transfer without banks or intermediaries.
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📊 2. Key Fundamentals
✅ Limited Supply (Scarcity)
Max supply: 21 million BTC
As of 2025, over 93% of BTC has been mined.
Scarcity creates store-of-value characteristics like digital gold.
🛡️ Decentralization & Security
Maintained by thousands of independent nodes and miners.
Uses Proof of Work (PoW) for consensus – highly secure but energy-intensive.
🪙 Halving Events
Every 4 years, the block reward is cut in half.
Last halving: April 2024
This reduces the inflation rate and often leads to price surges post-halving.
🌐 Global Acceptance
Increasing adoption by:
Institutions (e.g., BlackRock ETFs)
Countries (e.g., El Salvador legal tender)
Merchants and payment platforms
📈 Network Metrics
Hashrate: Measures mining power – higher means stronger security.
Number of wallets: Reflects adoption.
Transaction volume: Indicates usage and demand.
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💰 3. Investment Thesis
Seen as "digital gold" and hedge against inflation.
Long-term upside due to:
Limited supply
Rising institutional interest
Growing awareness and adoption
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⚠️ Risks
High price volatility
Regulatory crackdowns
Competition from other cryptocurrencies (ETH, CBDCs, etc.)
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✅ Conclusion
BTC remains the most secure, scarce, and widely recognized crypto asset. From a fundamental standpoint, it is strong for long-term holding (HODLing), but always pair it with technical and macro analysis for short-term trading.