Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.
As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls.
There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable.
As of May 2018, the total value of all existing bitcoins exceeded 100 billion US dollars, with millions of dollars worth of bitcoins exchanged daily.
How do I get the Bitcoin price in Google Sheets?
There are a few different ways to get the Bitcoin price in Google Sheets.
The simplest way is to use the =BTCUSD function. This will give you the current Bitcoin price in US Dollars.
If you want more control over the format of the number, you can use the =GOOGLEFINANCE function. This will give you more options for formatting the number, including currency symbols and decimal places.
If you want even more control over the format of the number, you can use the =IMPORTXML function. This allows you to specify exactly how you want the data to be formatted.
Getting the Bitcoin price in Google Sheets is simple using one of the three methods described above. The =BTCUSD function will give you the current price in US Dollars, while the =GOOGLEFINANCE function gives you more options for formatting the number.
Finally, if you want complete control over how the data is formatted, you can use the =IMPORTXML function.