What is BTC ?
BTC stands for Bitcoin, which is a type of digital or cryptocurrency.
Key Points about BTC (Bitcoin)
Decentralized Currency:
Bitcoin is not controlled by any government or central bank. Instead, it operates on a decentralized network of computers using blockchain technology.
Blockchain Technology:
Every Bitcoin transaction is recorded on a public ledger called the blockchain. This ensures transparency and prevents double-spending.
Created in 2009:
Bitcoin was introduced by an unknown person or group using the name Satoshi Nakamoto.
Limited Supply:
Only 21 million Bitcoins will ever exist, making it a deflationary asset. This limited supply can drive demand and price.
Digital Gold:
Many investors refer to Bitcoin as "digital gold" because it can act as a store of value, especially in uncertain economic times.
Volatile Asset:
Bitcoin’s price can fluctuate significantly, making it both a high-risk and potentially high-reward investment.
