Bitcoin is a decentralized digital currency, created in 2009 by an unknown person using the name Satoshi Nakamoto. It allows for peer-to-peer transactions without the need for a central authority. Its value can be volatile, but many see it as a store of value and a hedge against inflation.

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Bitcoin's decentralized nature and ability to facilitate peer-to-peer transactions have positioned it as a unique store of value and hedge against inflation. Its volatility, however, remains a point of consideration for investors.