Assets, Bitcoin

What Is the Total Market Cap of Bitcoin?

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary.

These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

NOTE: Warning: Investing in cryptocurrency can be extremely risky and unpredictable. The total market capitalization of Bitcoin, or any other cryptocurrency, is constantly changing due to its volatile nature. Any investment decision that you make should be done with caution and research. Additionally, you should never invest more than you can afford to lose.

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.

Bitcoin can be purchased through a digital exchange or traded for goods and services. Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble.

As of 2017, the total market cap of Bitcoin is approximately $41 billion.

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