Bitcoin (BTC) is the first and most well-known cryptocurrency, launched in 2009 under the pseudonym Satoshi Nakamoto. It is a digital asset that exists only as records in a distributed database – the Bitcoin blockchain.
Each transaction is recorded in the blockchain and cannot be changed retroactively. The issuance of Bitcoin is limited to 21 million coins, which is why BTC is often referred to as “digital gold.”
Why people buy BTC
Investment — long-term storage of an asset with the expectation that its value will increase.
Alternative to fiat — part of your capital can be stored not in hryvnia, USD, or EUR, but in an independent digital currency.
Fast transfers— transactions via the Bitcoin network and other cryptocurrencies allow you to transfer funds between countries without the usual banking delays.
Access to the cryptocurrency market — BTC remains the base asset through which many enter other cryptocurrencies.