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Bitcoin is a decentralized digital currency, meaning it is not controlled by central banks or financial institutions. It was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin relies on a technology called blockchain, which is a public ledger that records all Bitcoin transactions.

One of the main features of Bitcoin is that it has a limited supply, with only 21 million Bitcoins that can ever be created. This scarcity, along with increasing demand, has contributed to the rise in Bitcoin's value over the years. Bitcoin can be used to purchase goods and services online or held as an investment.

However, Bitcoin also carries risks. The value of Bitcoin can be extremely volatile and can be affected by changes in market sentiment, regulatory events, and other occurrences. Additionally, Bitcoin transactions can sometimes be slow and costly. Despite these risks, Bitcoin continues to gain popularity, and many experts still believe it holds significant potential for the future.