#DinnerWithTrump Bitcoin (BTC) is a decentralized digital currency created in 2009 by an anonymous person or group of people known as Satoshi Nakamoto. It operates without a central authority, such as a government or bank, and is based on a peer-to-peer network that allows for direct transactions between users. Bitcoin transactions are secured through cryptography and recorded on a public ledger called the blockchain, which ensures transparency and prevents fraud.
The key feature of Bitcoin is its limited supply; there will only ever be 21 million Bitcoins, making it a deflationary asset. This scarcity has led to its comparison with gold, often referred to as "digital gold." Over the years, Bitcoin has gained recognition as both a store of value and a medium of exchange, with an increasing number of merchants and companies accepting it as payment.
Despite its volatility, Bitcoin has become a global phenomenon, attracting investors, tech enthusiasts, and even governments. Its price fluctuates based on market demand, regulatory news, and broader economic factors. While Bitcoin's future remains uncertain, it has paved the way for the development of other cryptocurrencies and blockchain-based technologies, influencing the world of finance and beyond.