#PowellRemarks

Bitcoin is a decentralized digital currency, meaning it is not subject to the control of central banks or financial institutions. It was created in 2009 by an unidentified 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 the value of Bitcoin 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 general sentiment, regulatory events, and other occurrences. Additionally, Bitcoin transactions can be slow and costly at times. Despite these risks, Bitcoin continues to gain popularity, and many experts still believe it has significant potential in the future.