Bitcoin (BTC) is one of the first decentralized cryptocurrencies on the market. BTC was originally conceived as a peer-to-peer payment instrument with free conversion, for the exchange of which no banking system is needed since all transactions take place through a P2P service on authorized exchanges.
This cryptocurrency has existed since 2008 and during this time has experienced several cardinal ups and downs. The first bitcoins were trading at 1 cent or less per coin over 13 years ago. Then the cryptocurrency broke through the highs more than once, and its value exceeded $67,000.
The value of bitcoin lies in its support from private investors - enthusiasts from all over the world who buy it, hold it on electronic wallets, then sell it, provided that the rate grows. This excitement has captured the whole world, which is the reason for the popularity of BTC. In 2021, the total capitalization of bitcoin exceeded $1 trillion, and this figure is growing steadily every year, rapidly outpacing dollar inflation.