$BTC #WhiteHouseCryptoSummit #USCryptoReserve #What is Bitcoin (BTC)?
Bitcoin (BTC) is a decentralized digital currency that was created in 2009 by an anonymous person or group under the name Satoshi Nakamoto. It allows users to send and receive payments without needing a central authority, such as a bank or government. Transactions are verified by network nodes through cryptography and recorded on a public ledger called the blockchain.
Key Features of Bitcoin:
✅ Decentralization – No single entity controls Bitcoin. Instead, it operates on a peer-to-peer network.
✅ Limited Supply – There will only ever be 21 million BTC, making it scarce and potentially more valuable over time.
✅ Security – Transactions are secured by cryptography and mining, which prevents fraud and counterfeiting.
✅ Borderless Transactions – BTC can be sent anywhere in the world with minimal fees.
✅ Transparency – All transactions are recorded on the blockchain and can be publicly verified.
How Bitcoin Works:
Transactions – Users send BTC using unique addresses (similar to account numbers).
Mining – Miners solve complex mathematical problems to verify transactions and add them to the blockchain. In return, they earn newly created BTC as a reward.
Blockchain – A public, immutable ledger that records all Bitcoin transactions.
Why People Invest in Bitcoin?
🔹 Store of Value – Often called "digital gold," BTC is used as a hedge against inflation.
🔹 High Growth Potential – Despite volatility, BTC has grown significantly over the years.
🔹 Financial Freedom – Anyone can use Bitcoin without needing a bank account.
Latest BTC Price (March 6, 2025):
Price: ~$91,414 USD
Market Cap: ~$1.8 Trillion
24H High/Low: $92,793 / $87,587
Would you like details on how to buy BTC, store it securely, or its future potential?
