FACTS ABOUT BTC

1. **Anonymous Creator:** Bitcoin was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. To this day, Nakamoto's true identity remains a mystery.

2. **Limited Supply:** There will only ever be 21 million Bitcoins in existence. This scarcity is designed to create value and prevent inflation, similar to precious metals like gold.

3. **Decentralized System:** Bitcoin operates on a decentralized network, meaning no single entity (like a government or bank) controls it. Transactions occur directly between users, making it resistant to censorship.

4. **Blockchain Technology:** Bitcoin transactions are recorded on a public ledger called the blockchain. It's a transparent and secure system that ensures the integrity of the network.

5. **Volatility:** Bitcoin's price is highly volatile, with dramatic fluctuations in value. This volatility has attracted both investors seeking high returns and critics concerned about stability.

6. **Pioneering Cryptocurrency:** Bitcoin was the first cryptocurrency, inspiring the creation of thousands of other cryptocurrencies known as altcoins.

7. **Mining Process:** New bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems to validate and record transactions on the blockchain. Miners are rewarded with newly minted bitcoins for their efforts.

8. **Global Acceptance:** Bitcoin is accepted as a form of payment by a growing number of merchants worldwide. Major companies like Microsoft, PayPal, and Tesla have embraced it as a payment option.

9. **Divisibility:** Each bitcoin is divisible into smaller units, with the smallest unit being called a satoshi, named after Bitcoin's mysterious creator.

10. **Legal and Regulatory Challenges:** Governments around the world have varying stances on Bitcoin, with some embracing it as a legitimate form of currency or asset, while others have imposed regulations or outright bans due to concerns about its use in illegal activities like money laundering and tax evasion.