#FactCheck

Here are the top 5 facts about Bitcoin $BTC that every enthusiast should know:

1. First Cryptocurrency Ever

Bitcoin, created in 2009 by the anonymous Satoshi Nakamoto, was the first decentralized digital currency, setting the foundation for the entire crypto ecosystem.

2. Limited Supply of 21 Million Coins

Only 21 million Bitcoins will ever exist, making it a deflationary asset—scarcity often drives demand and value.

3. Halving Events Every 4 Years

Approximately every four years, the reward for mining new blocks is halved, reducing the rate of new BTC entering circulation. This event often impacts price due to supply tightening.

4. Immutable and Transparent Ledger

Bitcoin operates on a public blockchain, meaning every transaction is permanently recorded and viewable by anyone, ensuring transparency and security.

5. Legal Tender in Some Countries

In 2021, El Salvador became the first country to recognize Bitcoin as legal tender, signaling growing global adoption despite regulatory hurdles.