ABOUT BITCOIN

Bitcoin's price dynamics are based on trust in it; they are formed exclusively by the balance between supply and demand.

The system does not have a central body that allows monitoring of issuance, influencing velocity, or accepting or causing others to accept Bitcoin payments. That is why Bitcoin's real value depends on the dynamics of the global volume of goods and services that can be purchased with it.

But this currency is decentralized, meaning that there is no authority or controlling entity responsible for its issuance and recording of its transactions. It consists of a cryptographic key that is associated with a virtual wallet, which deducts and receives payments.