Bitcoin is often described as a cryptocurrency, a virtual currency, or a digital currency. It is a type of virtual money - think of it as an online version of cash.
Bitcoin is a payment system introduced to the world in 2009 and was the first digital currency to be created. Since then it has grown to be the world's biggest, highest capitalized, and most traded cryptocurrency in the world. In 2021, Bitcoin reached a high of more than $60 000 with a market cap of $1 billion. Bitcoin trading is incredibly popular and a big reason for this is the volatility of the cryptocurrency market.
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