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About Bitcoin

Bitcoin is the world’s first decentralized digital currency, designed to allow anyone to send and receive money without banks or intermediaries. Instead of relying on a central authority, Bitcoin runs on a global network of computers that keep track of all transactions using a public digital ledger called the blockchain.

 

Each Bitcoin can be broken down into smaller units known as satoshis – the smallest unit is 0.00000001 BTC, allowing for microtransactions and flexible use cases.

Frequently Asked Questions

Bitcoin (BTC) is a digital asset and peer-to-peer payment system introduced in 2008 by a pseudonymous creator or group known as Satoshi Nakamoto. Officially launched in 2009, Bitcoin was designed to enable secure value transfers over the internet without banks or governments. All Bitcoin transactions are verified and recorded on a decentralized ledger called the blockchain. The total supply is permanently capped at 21 million BTC, making it a scarce digital asset. The live Bitcoin price in USD or EUR is determined by global demand and supply.
Bitcoin operates through a decentralized peer-to-peer network, allowing users to send BTC directly to one another. Every transaction is verified by a distributed network of computers and stored permanently on the blockchain. New transactions are grouped into blocks and added to the blockchain through a process called mining, where miners solve complex cryptographic puzzles to confirm activity and receive rewards in BTC. This process also controls how new Bitcoin enters circulation.
Bitcoin serves a wide variety of purposes. Some people use it for international payments, while others see it as a store of value like digital gold. It’s also a key part of many investment portfolios due to its scarcity and independence from traditional banking systems.

Bitcoin began in January 2009 when its creator, Satoshi Nakamoto, mined the very first block of the network – known as the genesis block. In 2010, a Florida man famously paid 10,000 BTC for two pizzas, marking the first real-world transaction using Bitcoin.

Over the years, Bitcoin’s value has grown from virtually nothing to over $100,000 per coin at its peak, reflecting both increased adoption and volatility. Key events like halving cycles and regulatory developments have played major roles in shaping Bitcoin’s price history.

To buy Bitcoin, sign up on a regulated crypto platform or exchange, verify your identity, and deposit funds in your local currency. From there, you can purchase BTC based on the current BTC/EUR or BTC/USD rate. Many platforms offer one-time or recurring buys and allow users to track real-time price movements. Make sure to choose a secure and reputable provider that complies with financial regulations in your country.

Bitcoin mining is the process of validating transactions and adding them to the blockchain. Miners use specialized computers to solve math puzzles that verify blocks of transactions. In return, they earn rewards in BTC.

Currently, miners receive 3.125 BTC per block. As more people mine, the network adjusts difficulty to keep new blocks appearing roughly every 10 minutes. This steady issuance schedule continues until the 21 million BTC cap is reached.

Bitcoin was created by an unknown person or group using the name Satoshi Nakamoto. In 2008, Nakamoto published the original whitepaper describing Bitcoin as a decentralized electronic cash system. Their identity remains a mystery, adding to the intrigue of the project. Satoshi mined around 1 million BTC in the early days, and those coins have never been moved – further supporting the decentralized nature of Bitcoin.
The price of Bitcoin can change dramatically in a short time. This is due to factors like market size, liquidity, news events, regulatory announcements, and investor speculation. Because Bitcoin operates in a relatively small and evolving market compared to traditional finance, even modest trading activity can move the BTC/USD or BTC/EUR price significantly. Many users rely on live trackers to stay up to date with the latest value.
The amount of Bitcoin you can get for 1 EUR depends entirely on the current exchange rate. For example, if BTC is trading at €40,000, 1 EUR will get you 0.000025 BTC. If the price rises, your 1 EUR will buy slightly less. You can use the conversion widget on MyBTCWorth.com to get the real-time value instantly.
In 2009, Bitcoin didn’t have a public market price. Early users mined BTC themselves and exchanged it informally. The first known valuation came in May 2010 when someone paid 10,000 BTC for two pizzas — valuing Bitcoin at a fraction of a cent. Since then, its value has skyrocketed, driven by technological innovation, adoption, and global interest in decentralized money.
The largest known holder of Bitcoin is its creator, Satoshi Nakamoto, with an estimated 1 million BTC. These coins have never moved and remain untouched since they were mined in the earliest days of the network. Outside of Satoshi, other major holders include early investors, crypto companies, and institutional funds that use Bitcoin as a treasury or long-term store of value.
As of 2025, about 20 million BTC are in circulation, leaving less than 1 million left to be mined. The Bitcoin protocol ensures that the maximum supply will never exceed 21 million. Every four years, a halving event reduces the amount of new Bitcoin entering the market, which many believe contributes to price increases over time due to reduced supply.
On a global level, roughly 1 new Bitcoin is mined every 1.6 minutes. But for individual miners, the time it takes depends on hardware power and energy costs. For most, mining 1 full BTC could take days, weeks, or even months. As competition increases and block rewards decrease over time, mining becomes more difficult and expensive. This controlled issuance plays a role in shaping Bitcoin’s long-term price trends.
Bitcoin first reached parity with the Euro and the US Dollar around early 2011. This milestone signified Bitcoin’s transformation from a tech experiment into a recognized digital asset. From there, Bitcoin’s price journey continued to surge and fall with market cycles, eventually hitting multiple all-time highs as interest and adoption expanded.

Disclaimer: The information on MyBTCWorth.com is for educational and informational purposes only and does not constitute investment advice. Prices, data, and content are based on publicly available sources and may be subject to change.

MyBTCWorth.com is not a financial advisor or investment platform and does not make guarantees regarding the accuracy, completeness, or reliability of any content presented. Cryptocurrency investing involves risk, and past performance is not indicative of future results.

Always do your own research and consult with a licensed financial professional before making any investment decisions.