Bitcoin is a digital currency, also known as a cryptocurrency. It was invented in 2008 by an anonymous person or group named Satoshi Nakamoto.
Unlike fiat currencies, bitcoins are not physical objects. Instead, they exist in the virtual world as snippets of code. This hasn’t stopped people from imagining what a bitcoin might look like in reality, and the crypto space is filled with artistic renderings of gold coins emblazoned with a B!
At bitcoin does not exist physically and therefore is protected against inflation. Unlike traditional money, the number of bitcoin that can exist is limited to 21 million. Its production is scheduled to be halved every 4 years to ensure that the value of bitcoin is not lost and supply is projected to run out in 2140.