$BTC #WhiteHouseCryptoSummit #USCryptoRecerve
Bitcoin (BTC) is the world's first decentralized cryptocurrency, created in 2009 by an anonymous individual or group using the name Satoshi Nakamoto. Unlike traditional currencies issued by governments and controlled by banks, Bitcoin operates on a peer-to-peer network using blockchain technology. A blockchain is a public ledger that records all Bitcoin transactions, ensuring transparency and preventing fraud. Bitcoin has a fixed supply of 21 million coins, which makes it scarce and can drive its value over time. People use Bitcoin for various purposes, including online purchases, investments, remittances, and as a hedge against inflation. Its price is highly volatile, often influenced by market demand, investor sentiment, regulations, and technological advancements. Despite criticism regarding its energy consumption and use in illegal activities, Bitcoin has gained global acceptance, with major companies and financial institutions integrating it into their services. Many people view Bitcoin as digital gold, believing it has the potential to reshape the global financial system by offering more freedom and security in transactions without the need for intermediaries like banks. As adoption grows, Bitcoin continues to spark debates about the future of money and the role of decentralized finance (DeFi) in modern economies
