$BTC #WhiteHouseCryptoSummit #USCryproReserve
Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group under the pseudonym Satoshi Nakamoto. It operates on a decentralized, peer-to-peer network using blockchain technology, which ensures secure and transparent transactions without the need for intermediaries like banks.
Bitcoin is often referred to as "digital gold" because of its limited supply of 21 million coins. It is used for various purposes, including investment, online purchases, and as a hedge against inflation. The price of Bitcoin is highly volatile, influenced by market demand, regulations, and macroeconomic factors.
Over the years, Bitcoin has gained mainstream acceptance, with many businesses and financial institutions adopting it. However, it also faces challenges, such as scalability issues, regulatory scrutiny, and environmental concerns due to its energy-intensive mining process.
