Bitcoin is the most famous cryptocurrency in the world and is often called digital gold.
Its main value lies in being a decentralized and limited digital asset with only 21 million coins.
The primary goal of Bitcoin is to provide a peer-to-peer payment system without banks or intermediaries.
It aims to give people financial freedom and control over their own money.
Bitcoin offers benefits such as fast gl
obal transfers and low transaction dependency on institutions.
It is also seen as a hedge against inflation due to its fixed supply.
Another benefit is transparency, as all transactions are recorded on a public blockchain.
However, Bitcoin has high price volatility, which can lead to sudden losses.
Regulatory uncertainty in different countries is also a major risk.
Security risks exist if users fail to protect their wallets properly.
Overall, Bitcoin offers high potential rewards but comes with significant risks.
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