#BTCBackto100K $BTC Bitcoin (BTC) is a decentralized cryptocurrency that operates on a peer-to-peer network without a central authority or single administrator. Here's a quick rundown ¹:

- *Current Price*: $102,886.64

- *Market Cap*: $2.05 trillion

- *Exchange*: Traded on various exchanges, including Binance

*Key Features:*

- *Decentralized*: Operates without central authority or banks

- *Fast Transactions*: Enables fast peer-to-peer transactions worldwide

- *Low Fees*: Has low processing fees compared to traditional payment systems

- *Blockchain*: Uses a public distributed ledger to record transactions

*Uses:*

- *Investment*: Seen as an investment opportunity, though some consider it an economic bubble

- *Currency*: Used for transactions, with some countries like El Salvador adopting it as legal tender

- *Speculation*: Traded on various exchanges, with prices fluctuating based on market demand

*History:*

- *Created in 2008*: By an unknown entity under the pseudonym Satoshi Nakamoto

- *Released as Open-Source*: In 2009, with the release of its open-source implementation

- *Growing Adoption*: Increasingly used by individuals, businesses, and institutions