Bitcoin Details

Asset Overview

Bitcoin

Bitcoin

A peer-to-peer electronic cash system

About Bitcoin

Many newcomers to the cryptocurrency market start here. Bitcoin is the first, and largest, digital currency without a central bank or administrator. It was launched by a person, or persons, who used the pseudonym Satoshi Nakamoto in 2009, in direct response to the worldwide financial crisis. Bitcoin operates on the Bitcoin blockchain, a database distributed among computers and servers around the world (The individual computers are called “nodes.”). As transactions occur, they are timestamped and added to an ever-lengthening computational record that all the nodes can see.

Benefits

Owning money through a blockchain rather than a bank reduces vulnerability to hacking, eliminates the currency stabilizing and manipulating powers of state governments, and allows users to participate in financial transactions anonymously. Because new Bitcoins are minted through a complex mathematical algorithm, they have a fixed supply, like gold. In theory this makes them a better place to store value over time than currencies that are subject to inflation, such as the US dollar. The appeal of Bitcoin over other cryptocurrencies stems from its longevity, security and size: Many businesses accept Bitcoin directly for payments, it can be traded on many exchanges, and some people, including NFL player Russell Okung, have even asked to be paid in it directly.

Bitcoin News

Two Prime Teams Up With Bain Capital-backed Venture Fund

Firm aims to grow network into institutional space through partnership with Uncorrelated Ventures

BlockworksPublished January 17, 2022

100% in crypto Mati Greenspan puts institutional adoption and crypto hedging into perspective 

Mati Greenspan is frequently mentioned in top-tier financial media, as a prominent investment specialist with macroeconomic analysis, portfolio diversification, and crypto in his focus.

CryptoSlatePublished January 15, 2022

Bukele Draws Backlash for Alleged Surveillance Tactics

Crypto BriefingPublished January 15, 2022

Markets Recap: Stocks Trade Sideways Amid Mixed Bank Earnings

“Bottom line: This does not fit the ‘beat and raise’ narrative investors have for banks in 2022,” said UBS analyst Erika Najarian

BlockworksPublished January 14, 2022

Fidelity: Rio de Janeiro Crypto Adoption is Only the Beginning

Rio De Janeiro is putting crypto on its balance sheet, and it won’t be long before other governments get FOMO, Fidelity researchers said

BlockworksPublished January 14, 2022

Current price:$42,287.45

Economic Details

Bitcoin Details

Ticker
BTC
Max Supply
21,000,000 BTC

Bitcoin Resources