About Bitcoin (BTC)

Bitcoin (BTC) is the world’s first decentralised cryptocurrency, launched in 2009 under the pseudonym Satoshi Nakamoto. It enables peer-to-peer digital payments without banks or intermediaries, using a public blockchain secured by Proof of Work and the SHA-256 cryptographic algorithm.

Bitcoin has a fixed maximum supply of 21 million coins. New BTC is issued through mining and the block reward is reduced approximately every four years in an event known as the “halving.” This predictable supply schedule is why Bitcoin is often referred to as digital gold.

Today, Bitcoin is the largest cryptocurrency by market capitalisation and is widely traded across global exchanges.

How Bitcoin Works

Bitcoin transactions are recorded on a distributed ledger called the blockchain. Miners compete to validate transactions and add new blocks approximately every 10 minutes. Once confirmed, transactions become extremely difficult to reverse.

Ownership is controlled through private keys. The smallest unit of Bitcoin is a satoshi (0.00000001 BTC), allowing it to be used for both large transfers and micropayments.

Bitcoin Supply & Tokenomics

Bitcoin’s supply is capped at 21,000,000 BTC.

• Circulating supply: 19,992,440 BTC
• Max supply: 21,000,000 BTC
• % mined: 95.2%

As supply growth decreases over time and demand fluctuates, price movements can become more pronounced.

Understanding Bitcoin’s Price

Bitcoin’s price is determined by supply and demand across global exchanges. It trades 24/7 and can be influenced by:

• Market sentiment
• Macroeconomic news
• Institutional adoption
• Liquidity conditions
• Derivatives positioning

Because supply is fixed, shifts in demand can result in significant price volatility.

Buying and Storing Bitcoin

Bitcoin can be purchased on major cryptocurrency exchanges. Fees, spreads, and available payment methods vary by region.

For long-term storage, many users choose hardware wallets, while traders may keep funds on exchanges for liquidity.

Key Bitcoin Milestones

• Genesis block mined: January 2009
• First halving: 2012
• Most recent halving: April 2024
• Fixed supply cap: 21 million BTC

These events play an important role in Bitcoin’s long-term supply dynamics.