#BitwiseBitcoinETF
Bitcoin is a decentralized digital currency created in 2009 by an anonymous person or group known as Satoshi Nakamoto. Unlike traditional currencies, Bitcoin operates on a peer-to-peer network, meaning transactions are verified by network nodes through cryptography, without the need for a central authority like a bank. It uses a technology called blockchain, a distributed ledger that records all transactions in a secure and transparent way. Bitcoin can be used for various purposes, such as online purchases, investment, and remittances. Its value is highly volatile, influenced by factors like market demand, regulation, and adoption. Bitcoin has sparked a revolution in the financial world, paving the way for other cryptocurrencies and the broader concept of decentralized finance (DeFi).