$BTC Bitcoin (BTC) is the world’s first and most well-known cryptocurrency, created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. It was designed as a decentralized digital currency that allows people to send and receive value over the internet without the need for banks or intermediaries.
Bitcoin operates on a technology called blockchain, which is a public ledger that records all transactions across a network of computers. This ensures transparency, security, and resistance to tampering. New bitcoins are created through a process called mining, where powerful computers solve complex math problems to validate transactions and add them to the blockchain. The total supply is capped at 21 million BTC, making it a deflationary asset.
Bitcoin is often referred to as “digital gold” because it is scarce, durable, and considered a store of value by many investors. It has become a popular hedge against inflation and currency devaluation in uncertain economic times. Over the years, Bitcoin has grown from a niche tech experiment into a global financial asset, with increasing adoption from individuals, institutions, and even governments.
Despite its volatility and regulatory scrutiny, Bitcoin continues to play a leading role in the evolution of the global financial system.