Bitcoin (BTC)

Definition (& Video Script): Bitcoin launched in 2009 as the first decentralized digital currency. New bitcoins are created through proof-of-work mining, with a fixed supply of 21 million. Bitcoin was designed as peer-to-peer money and is commonly used as a store of value or to transfer funds globally. Compared to other cryptoassets, Bitcoin focuses almost entirely on monetary use rather than applications. Some investors are drawn to Bitcoin for its scarcity, long track record, and role as the largest and most widely recognized cryptoasset. When traded via Interactive Brokers, execution and custody are handled through regulated partners Paxos or Zero Hash. Settlement occurs on the Bitcoin blockchain, typically within 30 to 60 minutes. Campus Home: https://www.ibkr.com/campus/ Traders’ Insight: https://www.ibkr.com/campus/news Traders’ Academy: https://www.ibkr.com/campus/courses IBKR Quant:   https://www.ibkr.com/campus/quant Cents of Security: https://www.ibkr.com/campus/category/podcasts/cents-of-security/ IBKR Podcasts: https://www.ibkr.com/campus/podcasts IBKR Webinars: https://www.ibkr.com/campus/webinars IBKR API:  https://www.ibkr.com/campus/api Student Trading Lab: https://www.ibkr.com/campus/stl IBKR Glossary: https://www.ibkr.com/campus/glossary We are on Coursera! https://www.coursera.org/ibkr Open an account at Interactive Brokers: https://ndcdyn.interactivebrokers.com/mkt/?src=glossaryCryptoAcc&url=%2FUniversal%2FApplication