- Market Cap: $268.04 B
- 24h Vol: $52.46 B
- BTC Dominance: 67.88%
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What is Bitcoin (BTC)?
“Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
“Bitcoin can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. On 1 August 2017 bitcoin split into two derivative digital currencies, the classic bitcoin (BTC) and the Bitcoin Cash (BCH).”
What’s Up with 2140?
May 7, 2140 is a special date… on that day the final Bitcoin is expected to be mined, bringing the total supply to 21 million BTC. Some researchers have wondered if Bitcoin’s market cap could one day match or even surpass other major asset values (others say ‘No’).
Could it be possible, given the combination of: Bitcoin’s limited total supply, the global adoption rate, and the growth of world’s population? That would be a remarkable achievement, considering the Bitcoin price originally opened at less than a penny per coin!