Bitcoin (BTC)

1. Overview

Bitcoin is the world's first cryptocurrency, created by Satoshi Nakamoto in 2009, aimed at building a decentralized electronic payment system. Its total supply is fixed at 21 million coins, achieving transparent and censorship-resistant transactions through blockchain technology.

2. Core Features

• Scarcity: Fixed supply, anti-inflation, referred to as “digital gold.”

• Decentralization: No intermediaries; transactions are verified by global nodes.

• Security: Utilizes Proof of Work (PoW), providing extremely high security.

3. Advantages and Challenges

• Advantages: Strong scarcity, high liquidity, viewed by institutions as a safe-haven asset.

• Challenges: High price volatility, high energy consumption, insufficient scalability, facing regulatory risks.

4. Market Performance

Bitcoin started at a few cents, reaching an all-time high of about $69,000 in 2021, with a market capitalization exceeding 40% of the cryptocurrency market. Its price is influenced by supply and demand, macroeconomics, and market cycles.

5. Investment Value

• Short-term: Suitable for swing trading, but strict stop-loss is required.

• Long-term: Can serve as an anti-inflation asset; regular investment and long-term holding are recommended.

6. Future Outlook

With technological upgrades like the Lightning Network and increased global acceptance, Bitcoin is expected to further solidify its position as digital gold. However, attention should be paid to regulatory and macroeconomic potential impacts on the market. $BTC #BTC