Bitcoin
Bitcoin is a decentralized digital currency created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. It was the first successful cryptocurrency and remains the largest by market capitalization.
Key aspects of Bitcoin include:
Bitcoin has experienced significant price volatility throughout its history, with several major bull and bear market cycles. It's primarily used as a store of value (sometimes called "digital gold"), for speculative investment, and increasingly as a payment method.
Many see Bitcoin as an inflation hedge or alternative to traditional financial systems, while critics point to concerns about energy consumption, potential use in illegal activities, and regulatory uncertainty.
Bitcoin is a decentralized digital currency created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. It was the first successful cryptocurrency and remains the largest by market capitalization.
Key aspects of Bitcoin include:
- Decentralization: It operates without a central authority like a bank or government
- Blockchain technology: Transactions are recorded on a public ledger
- Limited supply: Only 21 million bitcoins will ever exist, with the last expected to be mined around 2140
- Mining: New bitcoins are created through a computational process that also validates transactions
- Pseudonymity: Users can transact without revealing their identity, though all transactions are publicly visible
Bitcoin has experienced significant price volatility throughout its history, with several major bull and bear market cycles. It's primarily used as a store of value (sometimes called "digital gold"), for speculative investment, and increasingly as a payment method.
Many see Bitcoin as an inflation hedge or alternative to traditional financial systems, while critics point to concerns about energy consumption, potential use in illegal activities, and regulatory uncertainty.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.