Assets, Bitcoin

How Much Is a Bitcoin Coin Worth?

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.

NOTE: This is a warning about the question of ‘How Much Is a Bitcoin Coin Worth?’. The answer to this question can vary drastically and is highly dependent on the current market conditions, as the value of cryptocurrencies can fluctuate dramatically. Therefore, you should not rely solely on the information provided in any one source when attempting to answer this question. Additionally, you should exercise extreme caution when investing in cryptocurrencies as they are highly speculative and their value may quickly decline.

[17] As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.[18].

The unit of account of the bitcoin system is a bitcoin. Ticker symbols used to represent bitcoin are BTC[b] and XBT.[c] Its Unicode character is ₿.[4]:2 Small amounts of bitcoin used as alternative units are millibitcoin (mBTC), and satoshi (sat).

Named in homage to bitcoin’s creator, a satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoins, one hundred millionth of a bitcoin.[2] A millibitcoin equals 0.001 bitcoins; one thousandth of a bitcoin or 100,000 satoshis.[73].

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