The story of Bitcoin (BTC) began in 2009, when a person or group named Satoshi Nakamoto launched the cryptocurrency. Bitcoin was developed as a decentralised digital payment system that does without a central authority such as banks or governments. The technology that enables Bitcoin is the blockchain, a public and immutable database.
In the first few years, Bitcoin was mainly used by tech enthusiasts and crypto enthusiasts. However, its popularity grew rapidly, and exchanges were established on which Bitcoin could be traded against other currencies. The price of Bitcoin experienced significant fluctuations, from a few cents in the early years to several thousand dollars in the following years.
Bitcoin was considered a digital gold and used as a store of value. The introduction of technologies such as the Lightning Network should improve scalability and speed up transactions.
Bitcoin's influence on the financial markets and the debate about its role as a currency or asset continued. Institutional actors began to consider Bitcoin as an asset class, which led to wider acceptance. The future of Bitcoin remains dependent on developments in regulation, technology and general crypto adoption.
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