Everyone participates in Bitcoin, making the world circulate

Bitcoin, also known as Bit Gold, is a form of currency proposed by Satoshi Nakamoto in 2008 and is an electronic currency generated by open-source P2P software. Bitcoin is a network virtual currency that can be cashed out, and its credibility is not supported by any individual or organization, but is based on natural algorithms, belonging to natural credit currency. On November 1, 2008, Satoshi Nakamoto published the Bitcoin white paper 'Bitcoin: A Peer-to-Peer Electronic Cash System', presenting his new vision for electronic currency. On January 3, 2009, Satoshi Nakamoto mined the first block of Bitcoin, known as the 'Genesis Block', earning the first mining reward of 50 bitcoins. On July 17, 2010, the largest Bitcoin trading website in the world, MTGOX, was established, and at that time, the price of Bitcoin was less than $0.05. In February 2023, the International Monetary Fund developed a nine-point action plan: not to grant Bitcoin and other cryptocurrencies official or legal tender status. On April 18, 2024, at 14:00 (UTC+8), Binance NFT ceased to support Bitcoin NFT trading and recharge services. Compared to legal tender, Bitcoin does not have a fixed issuer; rather, it is generated by the calculations of network nodes, and anyone can participate in the creation of Bitcoin. It can circulate globally, be bought and sold on any computer connected to the Internet, and anyone can mine, trade, or use Bitcoin regardless of their location, with transaction records being public and transparent. The total number of Bitcoins is limited; the currency system was capped at no more than 10.5 million within the first four years, and the total number will be permanently limited to 21 million afterward. Bitcoin has validated the technical feasibility of electronic currency, created a new payment experience through pure software and peer-to-peer methods, and also established a completely new tripartite accounting model. On May 22, 2025, Beijing time, Bitcoin briefly surged to $111,886.41 in a single day, setting a new historical high.