#BitcoinHashRateSurge Bitcoin (BTC) is a decentralized digital currency, created by an anonymous entity known as Satoshi Nakamoto in 2008. It operates on a peer-to-peer network, meaning it does not rely on a central authority like a government or bank. Transactions are verified by network nodes through cryptography and recorded on a public ledger called the blockchain. Bitcoin is often considered the first cryptocurrency and remains the most well-known and widely used.

The total supply of Bitcoin is capped at 21 million coins, making it a deflationary asset. Its value fluctuates due to market demand, adoption rates, and regulatory news. Bitcoin is often viewed as a store of value, akin to "digital gold," and is also used for peer-to-peer transfers across borders. It has sparked the development of thousands of other cryptocurrencies but continues to lead the industry in terms of market capitalization and recognition. Despite its volatility, Bitcoin has garnered interest from investors and institutions alike.