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BTC stands for Bitcoin, which is a type of cryptocurrency. Bitcoin is a decentralized digital currency that allows peer-to-peer transactions over the internet, without the need for intermediaries like banks. It operates on a technology called blockchain, which is a distributed ledger that records all transactions made with Bitcoin.

Bitcoin was introduced in 2008 by an unknown person or group of people using the name Satoshi Nakamoto, and it became the first widely used cryptocurrency. Its value can fluctuate significantly, and it is used both as an investment asset and as a method of transferring value globally.