What is bitcoin right now

‘Risk is only sizing. So, if you think bitcoin is too risky, you could size it at 0.1% of your portfolio or 0.001%. Too risky is never a reason not to own an asset. If something is positive expected value, risk adjusted, and relatively low correlation, you have to own it. That’s peak portfolio management 101.’ How much is bitcoin today The simple answer to this question is “because it was designed that way.”  Well, but why can’t this limit be extended? Among other things, BTC’s finite supply acts as a deflationary measure and is one of the reasons why Bitcoin’s price is as high as it is. As for why this exact figure was chosen, there are a few theories about it. One states that it’s because the total value of all physical money in the world when BTC was developed was equal to $21 trillion. As a result, if Bitcoin had been then to completely replace fiat, 1 BTC would have been worth $1M, and one satoshi — $0.01.

Historically, Bitcoin’s price has been quite volatile compared to traditional assets like stocks and commodities. The Bitcoin price fluctuates based on a number of factors. Often, bad news will cause the price to drop. For instance, When China announced that they would be banning Bitcoin mining, the price of BTC dropped by over 30% in a couple of days. How does Bitcoin work? The combined value of all bitcoins on Sep. 10, 2023 was about $504 billion.

Bitcoin had a better 2023. Having slumped to about $15,000 in November 2022 as crypto exchange FTX collapsed, the digital asset has staged a strong recovery. Here we look at whether bitcoin and other cryptocurrencies are a good investment this year. As we begin 2024, the original crypto is worth more than double its recent low Please login here Regardless of whether you believe Bitcoin's proponents or naysayers, it's clear that it has some incredibly prominent backers in both the investment world and the wider business landscape. Business analytics platform MicroStrategy (NASDAQ:MSTR) is by far the largest public company in the Bitcoin space, with 158,245 Bitcoins to its name. Marathon Digital Holdings (NASDAQ:MARA) has 13,726 Bitcoins and Tesla holds 10,725 Bitcoins.

This means a new group of investors can now enter the speculative world of Bitcoin, without having to worry about getting digital wallets or navigating crypto exchanges. BTC to USD Chart The creator of Bitcoin remains an enigma, known only by the pseudonym Satoshi Nakamoto. Bitcoin's innovation emerged in 2008 when Nakamoto released the whitepaper outlining the cryptocurrency's decentralized, peer-to-peer structure, and use of blockchain technology. In 2009, Nakamoto mined the first Bitcoin block, and on January 12th of the same year, the inaugural Bitcoin transaction took place. Despite numerous investigations and speculations, the true identity of Satoshi Nakamoto has not been disclosed.