Bitcoin is a decentralized digital currency, created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive payments without the need for a central authority or intermediary, such as a bank. Transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers (nodes) that validate and confirm each transaction through a process known as mining.
Bitcoin is characterized by its limited supply, capped at 21 million coins, and its use of cryptographic techniques to secure transactions and control the creation of new units. It enables users to perform transactions with relative anonymity, and it’s often referred to as a flagship cryptocurrency. Bitcoin has gained significant attention as both a medium of exchange and a store of value, leading to its adoption by various merchants and institutional investors. Its price is highly volatile and influenced by market demand, regulatory developments, and macroeconomic factors.
Significant anticipation surrounded a potential announcement by President Trump regarding a U.S. strategic digital currency reserve at a high-level crypto summit. Bitcoin experienced a dramatic surge, reaching $92,804.67, reflecting both…