The cryptocurrency has been on a bullish streak, with its market cap surpassing $1 trillion for the first time. The Rise of Bitcoin Bitcoin, or BTC, has been making headlines as it continues to break records and gain mainstream acceptance. In the past year, the cryptocurrency has seen a massive surge in value, from around $7,000 in January 2020 to over $50,000 in February 2021. This rapid rise has attracted the attention of investors, traders, and even governments. What is Bitcoin? Bitcoin is a decentralized digital currency, also known as a cryptocurrency, that operates on a peer-to-peer network without the need for a central authority. It was created in 2009 by an unknown individual or group using the pseudonym Satoshi Nakamoto. Bitcoin uses blockchain technology to securely record and verify transactions. Bitcoin vs. Traditional Currencies Bitcoin is often compared to traditional fiat currencies, such as the US dollar or the Euro. However, there are som...
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