$BTC What is Bitcoin?

* Decentralized Digital Currency: Bitcoin is a virtual currency designed to be used as money and a form of payment outside the control of any single person, group, or entity. This eliminates the need for trusted third parties in financial transactions.

* Blockchain Technology: It's built on a technology called blockchain, which is a distributed public ledger that records all transactions securely using cryptography. This ledger is maintained by a network of computers (nodes) around the world.

* Mining: New Bitcoins are introduced into circulation through a process called "mining." Miners use powerful computers to solve complex mathematical problems to verify and add new blocks of transactions to the blockchain. In return, they receive newly minted Bitcoins as a reward.

* Limited Supply: One of Bitcoin's key features is its limited supply. There will only ever be 21 million Bitcoins created, which contributes to its "digital gold" narrative as a store of value.

* Use Cases: Bitcoin can be used for various purposes, including:

* Speculation and Investment: Many people buy and hold Bitcoin as an investment, hoping its value will increase over time.

* Payments: While not as widely accepted as traditional fiat currencies, some businesses and individuals accept Bitcoin for goods and services.

* Remittances: It can be used for cross-border transactions, potentially offering lower fees and faster settlement times compared to traditional banking.

Current Price (as of June 12, 2025):

* 1 Bitcoin = 92,30,879.76 Indian Rupee (This translates to approximately $110,700 USD based on current INR to USD exchange rates).

Price Predictions (Next 5 Years):

Bitcoin price predictions are highly speculative and vary widely among experts due to its inherent volatility and the influence of numerous factors (regulatory changes, institutional adoption, macroeconomic trends, technological developments, etc.).

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