What is Bitcoin BTC? Bitcoin (BTC) is a form of virtual currency, specifically known as cryptocurrency, that operates as a decentralized form of money. It was crafted to exist beyond the control of any singular authority, whether individual, group, or institution. As a result, it eliminates the necessity of a trusted intermediary—like a bank or mint—in transactions.
Unveiled to the world in 2009, Bitcoin was the brainchild of an unknown creator or group using the pseudonym Satoshi Nakamoto.