Bitcoin (BTC)
Key points
- Its fixed supply earns it the name "digital gold"; it makes up roughly half of the crypto market’s total value and sets the direction for other coins.
- Bitcoin is held long term on the thesis of protection against inflation and money printing, while in the short term it moves with macro liquidity and risk appetite.
- the price has suffered 70–80% drawdowns in the past.
Formula / calculation
roughly every four years a "halving" cuts new Bitcoin issuance in half, an event historically linked with price cycles. Bitcoin is divisible to 8 decimals (satoshi). Prices form 24/7 in USD and TRY pairs; spot Bitcoin ETFs have eased institutional access.
Interpretation
Bitcoin is held long term on the thesis of protection against inflation and money printing, while in the short term it moves with macro liquidity and risk appetite. Its correlation with the Nasdaq rises in risk-on periods.
Pitfalls
the price has suffered 70–80% drawdowns in the past. Losing a private key means permanent loss of the asset. Exchange choice and regulatory changes can affect access. It is not investment advice; a small portfolio share is the common recommendation.
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Frequently asked questions
What is Bitcoin (BTC)?
Bitcoin is the first and largest cryptocurrency, created in 2009 under the pseudonym Satoshi Nakamoto, with supply capped at 21 million coins.
How is Bitcoin (BTC) calculated?
roughly every four years a "halving" cuts new Bitcoin issuance in half, an event historically linked with price cycles. Bitcoin is divisible to 8 decimals (satoshi). Prices form 24/7 in USD and TRY pairs; spot Bitcoin ETFs have eased institutional access.
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