Learn the fundamentals of Bitcoin and how it can transform your financial future.
Bitcoin is a decentralized digital currency that was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto.
It operates without a central authority or banks, and the management of transactions and the issuance of bitcoins is carried out collectively by the network.
Bitcoin works on a technology called blockchain, which is a distributed ledger enforced by a network of computers. All Bitcoin transactions are recorded on this public ledger, making it transparent and immutable.
The network reaches consensus on the state of the ledger through a process called mining, which involves solving complex mathematical problems.
Bitcoin derives its value from several key properties:
Many people view Bitcoin as a long-term investment and store of value, similar to digital gold. Its limited supply and growing adoption have led to significant price appreciation over time, despite periods of volatility.
Some investors use Bitcoin as a hedge against inflation and currency debasement.
To get started with Bitcoin, you'll need:
Bitcoin can play a role in retirement planning as part of a diversified portfolio. Its potential for long-term appreciation makes it an interesting asset for those with a long time horizon.
Our calculator tools can help you model different scenarios for incorporating Bitcoin into your retirement strategy.