Bitcoin is a decentralized digital currency created in 2009 by an unknown person or group known as Satoshi Nakamoto. It operates on blockchain technology, allowing peer-to-peer transactions without the need for banks or governments. The proof-of-work consensus protocol ensures transaction security. Bitcoin's value has surged over the years, with its market capitalization crossing $1 trillion in 2021. Despite its popularity, Bitcoin has faced challenges such as regulatory scrutiny and security concerns. Understanding the mechanism of Bitcoin involves knowledge of blockchain technology, transaction keys, and mining. Buying Bitcoin can be done through various methods like cryptocurrency exchanges, ATMs, and ETFs. The recent surge in Bitcoin's price to over $100,000 in 2024 has attracted significant investor interest, driven by factors like government adoption. Technical analysis indicates a bullish market sentiment, suggesting a potential for further price increases. Read more AI-generated news on: https://app.chaingpt.org/news

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