Bitcoin is a digital currency that operates on a [[🔎 Decentralization|decentralized]] [[peer-to-peer]] network, allowing individuals to send and receive value directly without the need for [[intermediaries]] like banks. Created in 2009 by an unknown person or group using the pseudonym [[Satoshi Nakamoto]], Bitcoin is the first and most well-known [[cryptocurrency]]. It is built on a technology called [[🔎 Blockchain|blockchain]], which is a transparent and immutable ledger that records all transactions across a network of computers. The [[scarcity]] of Bitcoin is governed by a fixed supply cap of [[21 million]] coins, making it [[deflationary]] in nature. Investors are drawn to Bitcoin for several reasons. Firstly, its decentralized nature ensures that no single entity controls or influences the currency, promoting [[trustlessness]], [[permissionlessness]] and security. Secondly, Bitcoin's **[[fixed supply]]** makes it **resistant to inflation**, unlike traditional fiat currencies. Additionally, Bitcoin is often considered a [[store of value]] and a hedge against economic uncertainty ("**[[digital gold]]**"). Beware of its [[volatility]] and store it in your "[[cold wallet]]"