Bitcoin (BTC-USD) is a virtual currency used for investment and payments, known for its volatility. It operates without government oversight, relying on a decentralized blockchain ledger. Despite benefits like faster transactions and decentralization, Bitcoin faces drawbacks like volatility and energy consumption. Consider risks before buying or using Bitcoin.
Bitcoin, a decentralized borderless currency, has a limited supply of 21 million coins, making it attractive for worldwide payments. Its value surged from $320 in 2015 to over $90,000 in January 2025, reaching $120,000 by October 2025. Bitcoin is legal in the U.S. but restricted in other countries, facing risks like volatility and scams.
Bitcoin emerged from a 2008 whitepaper by Satoshi Nakamoto, growing in popularity since its launch in 2009. With its capped supply and decentralized nature, Bitcoin appeals to traders seeking quick profits. Consider the risks and benefits of using Bitcoin before investing.
Read more at Yahoo Finance: What is bitcoin, and how does it work?