$BTC Bitcoin ($BTC) Overview – Short Summary (120+ words)

Bitcoin ($BTC) is the world’s first and most well-known cryptocurrency, created in 2009 by the pseudonymous developer Satoshi Nakamoto. It operates on a decentralized blockchain network, allowing peer-to-peer transactions without the need for a central authority like banks. The supply of Bitcoin is limited to 21 million coins, making it a deflationary asset and often compared to digital gold. Its underlying technology, blockchain, ensures transparency, security, and immutability of data. Bitcoin is used for various purposes — from digital payments to store of value and even as a hedge against inflation. Its price is highly volatile and influenced by market demand, regulatory news, macroeconomic trends, and institutional adoption. As of today, Bitcoin remains the leader in the crypto market by market capitalization.