What is Bitcoin (BTC)? How and Where to Buy?

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Project Name: Bitcoin (BTC)

Website: Official

BTC Whitepaper: Official Documents

Maximum Supply: 21,000,000 BTC

Founding Year: 2009

Total Supply: 19,931,262 BTC

Supported Blockchain Networks: Bitcoin runs on the eponymous BTC network and can also be integrated with all blockchain networks.

Exchanges Where It Can Be Purchased: Bitcoin (BTC) is traded on numerous cryptocurrency exchanges worldwide. Some prominent exchanges include: Binance, MEXC, KuCoin, HTX, Gate.io and many other cryptocurrency exchanges.

Following the 2008 global financial crisis, a mysterious person or group, Satoshi Nakamoto, introduced Bitcoin, an end-to-end electronic payment system. This caused a major upheaval in the financial world, and Bitcoin emerged as a cryptocurrency that was decentralised and protected from third-party interference.

In 2009, Bitcoin was launched as a public network. As the first successful cryptocurrency, it was called “1st generation Blockchain”. Blockchain technology has evolved as a technology that underpins Bitcoin and enables the secure and transparent tracking of digital assets.

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Although Bitcoin was initially not understood by many people, over time it has attracted a great deal of worldwide attention. Cryptocurrencies and blockchain technology are playing an important role in the transformation of financial systems.

What is Bitcoin?

Bitcoin is a digital payment network and cryptocurrency. Here is a further explanation about the main features and functioning of Bitcoin:

Bitcoin is a system that can operate without any central authority or bank. Transactions take place directly from one person to another and are not supervised by a central authority. For example, if Ali wants to send money to Zeynep using Bitcoin, he can do so without the need for banks or governments.

Bitcoin is open source and accessible to everyone. No one can own or control Bitcoin alone, so anyone can join the Bitcoin network. Any person or software developer can study and improve the Bitcoin protocol. This means that many different people and communities can contribute.

The total supply of Bitcoin is limited, i.e. only 21 million Bitcoins are produced in total. This is an important feature that distinguishes Bitcoin from traditional currencies. Imagine, for example, that gold reserves were unlimited when mining gold. The more gold mined, the more gold would be in circulation. But this is not the case with Bitcoin. The limited supply makes Bitcoin a rare digital asset.

Bitcoin transactions are anonymous, meaning that the identity of the person carrying out the transaction is kept secret. For example, when Ali sends Bitcoin to Zeynep, Ali’s name or personal information is not associated with the transaction. However, all transactions are recorded in an open ledger called a blockchain. This means that transactions are secure and traceable. For example, anyone can see a transaction on the blockchain, but they cannot know the identity of the person who made it.

Bitcoin challenges traditional financial systems and is resistant to regulation. For example, many countries’ currencies are managed and regulated by centralised banks. Bitcoin, however, has no such centralised authority. While this may be seen as an advantage for some people, it can be a concern for others.

Who are the Founders?

Bitcoin was created by the pseudonymous Satoshi Nakamoto in 2008, whose true identity remains unknown. Satoshi published the Bitcoin whitepaper and released the initial software in 2009 before disappearing in 2011. The project has since been maintained by a global community of developers.

BTC Coin Analysis

BTC Coin stands out with its notable features:

• Decentralization: No central authority; peer-to-peer network secures transactions.
• Limited Supply: Capped at 21M, creating scarcity like digital gold.
• Proof-of-Work: Energy-intensive mining ensures security but faces environmental scrutiny.
• Halving Events: Every 4 years, mining rewards halve, historically boosting price.
• Market Volatility: ATH $126,210 in Oct 2025; current $124,103, up 0.09% daily.

BTC Coin | Purpose – Advantages

The purpose of Bitcoin is to serve as a decentralized, censorship-resistant digital currency and store of value. Here are its advantages:

• Financial Sovereignty: Users control their funds without intermediaries.
• Global Accessibility: Borderless transactions, low fees for large amounts.
• Transparency: All transactions verifiable on public blockchain.
• Security: Unmatched network hash rate; 99.98% uptime since inception.
• Institutional Adoption: ETFs hold billions; nations like El Salvador use as legal tender.

Basic Use Cases

BTC token offers versatile functions within the platform:

• Payments: Send/receive value globally, like digital cash.
• Store of Value: Hedge against inflation; “digital gold”.
• Mining: Validate transactions to earn new BTC rewards.
• Remittances: Low-cost international transfers.
• Trading: Speculate on exchanges like Binance or Coinbase.

BTC Coin Investment Evaluation

Bitcoin’s dominance (50%+ market share) and $2.47T cap make it the cornerstone of crypto. Post-2024 halving and ETF inflows, it’s up 100% YTD, but volatility persists—e.g., 20% corrections common. Ideal for diversification; risks include regulation and energy debates. Long-term: scarcity drives value as adoption grows.

Future of BTC Coin

Bitcoin’s roadmap focuses on scalability via Lightning Network. With halvings reducing issuance, 2028 event could spark next bull. Forecasts: $150K-$200K by end-2025 amid institutional FOMO. Global reserves (e.g., US holds 200K+ BTC) signal maturity, but quantum threats loom distant.

Frequently Asked Questions