What is Bitcoin?
Bitcoin is a type of digital currency or cryptocurrency that allows people to send and receive money over the internet without relying on a bank or government. It was invented in 2009 by an unknown person or group using the name Satoshi Nakamoto.
Key Features of Bitcoin:
| Feature | Description |
|---|---|
| Decentralized | Not controlled by any government or central bank. |
| Digital | Exists only online, no physical coins or notes. |
| Secure | Uses advanced cryptography and blockchain technology to protect data. |
| Limited Supply | Only 21 million Bitcoins will ever exist (prevents inflation). |
| Peer-to-Peer | Allows users to send money directly to each other — no middleman. |
How Does Bitcoin Work?
- Blockchain Technology:
Bitcoin runs on a blockchain, a digital public ledger that records every transaction. It’s like a shared database that cannot be changed once information is added. - Mining:
New Bitcoins are created through a process called mining, where powerful computers solve complex math problems to confirm transactions and earn rewards. - Wallets:
To use Bitcoin, you need a digital wallet — software or an app that stores your Bitcoin and allows you to send or receive it.
What Can You Do With Bitcoin?
- Buy goods/services from websites or businesses that accept Bitcoin.
- Invest or trade like stocks (buy low, sell high).
- Send money internationally with low fees.
- Hold as a long-term asset, hoping its value increases.
Is Bitcoin Safe?
Bitcoin itself is secure, but risks include:
- Volatility: Prices can go up or down very quickly.
- Scams & hacks: Be careful where you store or trade your Bitcoin.
- Irreversible transactions: Once sent, a transaction can’t be undone.
Conclusion
Bitcoin is a revolutionary form of money that gives users freedom and control over their finances. It’s ideal for those who want to invest, send global payments, or explore the future of digital currency.
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As of May 8, 2025, Bitcoin (BTC) is trading at approximately $99,736, reflecting a 2.92% increase over the past 24 hours. The day’s trading has seen a high of $99,835 and a low of $95,959.(Binance)
Stock market information for Bitcoin (BTC)
- Bitcoin is a cryptocurrency in the CRYPTO market.
- The price is 99736.0 USD currently with a change of 2830.00 USD (0.03%) from the previous close.
- The intraday high is 99835.0 USD, and the intraday low is 95959.0 USD.
Bitcoin is approaching the significant $100,000 threshold, driven by factors such as renewed investor optimism following a U.S.-U.K. trade agreement and substantial institutional investments, including BlackRock’s recent $2.5 billion purchase of Bitcoin. (Barron’s)
For real-time updates and detailed charts, you can visit platforms like CoinMarketCap, CoinDesk, or Binance.
If you’re interested in tracking Bitcoin’s price in Indian Rupees (INR) or exploring investment options available in India, feel free to ask!
