#XRPETF Bitcoin (BTC) is a decentralized digital currency, often described as the first widely adopted cryptocurrency. Here's a breakdown:

What it is:

* Decentralized: It operates without a central authority like a bank or government. Instead, transactions are verified and recorded on a distributed public ledger called a blockchain.

* Digital Currency: It exists only electronically. There's no physical Bitcoin.

* Peer-to-Peer: Users can send and receive Bitcoin directly from each other without intermediaries.

* Limited Supply: The total supply of Bitcoin is capped at 21 million coins, which can contribute to its scarcity and potential as a store of value.

* Pseudonymous: Bitcoin transactions are linked to digital wallet addresses, not necessarily to real-world identities.