$BTC
The current price of Bitcoin (BTC) is around $93,300 to $93,800 USD.
* The market capitalization of Bitcoin is approximately $1.85 trillion to $1.87 trillion USD.
Bitcoin (BTC) is the first decentralized cryptocurrency, created in 2009 by an unknown entity under the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network using a public, distributed ledger called the blockchain, without the need for a central authority like a bank. Bitcoin's supply is capped at 21 million coins, which contributes to its potential as a store of value.
Factors to consider about Bitcoin:
* Price Volatility: Bitcoin is known for its significant price fluctuations.
* Decentralization: It offers financial freedom and resistance to censorship.
* Limited Supply: The capped supply can contribute to scarcity.
* Adoption: Its acceptance by businesses and institutions is growing.
* Regulation: Government regulations worldwide are still evolving.
Some analysts predict a potential long-term price increase for Bitcoin, with ARK Invest projecting a base case of around $710,000 per Bitcoin by 2030 in their "Big Ideas 2025" report. However, it's crucial to remember that cryptocurrency investments carry significant risk.