What is bitcoin

[mathi]

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Bitcoin (BTC)

26634.73 USD

(2.69%)

Rank

1

Supply

19.4M

24h Volume

23.9B USD

Bitcoin is a decentralized, digital currency system that allows for secure, peer-to-peer transactions without the need for intermediaries. It operates on a blockchain network, where transactions are verified and processed by a network of users, known as nodes, rather than a central authority. The scarcity and programmable nature of Bitcoin (BTC), the currency used on the network, makes it a unique and revolutionary form of currency. With no central authority controlling it, Bitcoin offers a new level of freedom and censorship-resistance to its users. As the first cryptocurrency in the world, Bitcoin continues to lead the way in the growing field of digital currencies.

[mathi]

It’s time to settle the debate.

Over the past decade, Bitcoin (BTC -2.07%) has catapulted into the spotlight as the premier cryptocurrency. Along the way, multiple narratives have arisen to justify an investment in Bitcoin. One of those is that it is like “digital gold” because, like gold, it can act as a store of value and a hedge against inflation.

So if Bitcoin is basically digital gold, which is the better investment?