Bitcoin (BTC) is a decentralized cryptocurrency that operates without the need for a central authority or intermediary. It was created by an anonymous person or group using the pseudonym Satoshi Nakamoto in 2008. Bitcoin uses a peer-to-peer network of computers to verify and record transactions on a public ledger called the blockchain. Bitcoin transactions are secure, fast, and censorship-resistant. Bitcoin is also scarce, with a fixed supply of 21 million coins that can ever be created .

Bitcoin's price is determined by supply and demand in the market, as well as by various factors such as news, regulations, innovation, and adoption. Bitcoin's price has been volatile since its inception, reaching highs of over $68,000 USD in November 2021 and lows of under $1 USD in 2009 . As of March 17th 2023, one bitcoin is worth $24,397.21 USD, or 21,25,741 Indian Rupees. Bitcoin's market capitalization is currently $471 billion USD, making it the largest cryptocurrency by far.