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Bitcoin(BTC) Price Prediction 2023–2025, update 6th of March
What Is Bitcoin?
Bitcoin is a decentralized digital currency that was created in 2009 by an unknown individual or group using the pseudonym “Satoshi Nakamoto”. It operates on a peer-to-peer network, meaning that transactions occur directly between users without the need for a centralized intermediary, such as a bank or government.
Bitcoin transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers around the world. This ensures the security and transparency of the system, as each transaction is verified by multiple users.
One of the key features of Bitcoin is its limited supply. There will only ever be 21 million bitcoins in circulation, which makes it a deflationary currency. Bitcoins are created through a process called mining, where users compete to solve complex mathematical problems and are rewarded with new bitcoins.
Bitcoin has gained widespread popularity and acceptance as a form of payment for goods and services, and is also traded on various exchanges as an investment. However, its value is highly volatile and subject to fluctuations based on market demand and other factors.[ 1]
