$BTC Bitcoin (BTC) is a decentralized digital currency that's often referred to as "digital gold". Created in 2009 by Satoshi Nakamoto, it operates on a peer-to-peer network, allowing users to send and receive value online without intermediaries like banks. Bitcoin's key features include ¹ ² ³:
- *Decentralization*: No single institution or government controls it
- *Limited Supply*: Only 21 million BTC will exist, making it a deflationary asset
- *Security*: Transactions are recorded on a public ledger called the blockchain, ensuring transparency and immutability
- *Store of Value*: Bitcoin's scarcity and durability make it attractive for preserving wealth
Currently, Bitcoin's market capitalization stands at $2.34 trillion, with a current price of $117,466 ⁴.