Bitcoin is a decentralized digital currency that operates without a central authority or banks. It allows for secure peer-to-peer transactions without the need for intermediaries. The total supply of Bitcoin is capped at 21 million coins, making it a deflationary asset.

Bitcoin's limited supply contributes to its scarcity and value proposition, attracting investors seeking a hedge against inflation. Its decentralized nature offers financial sovereignty and transparency, revolutionizing traditional monetary systems.