Discover the current price of Bitcoin and get important information to make informed investment decisions from Latin America. In this article, we will explore Bitcoin's price, its characteristics as a cryptocurrency, and practical advice for those considering investing in the leading cryptocurrency.

Characteristics of Bitcoin

Bitcoin is the first cryptocurrency. It is a decentralized digital currency not regulated by a central authority like a central bank. Bitcoin gives total control to users instead of financial institutions.

It was created by Satoshi Nakamoto following the **Financial Crisis in 2009**. Its innovation was the use of blockchain technology to facilitate decentralized payments quickly and at a lower cost than traditional mechanisms. To date, around 19.6 million Bitcoins have been mined, with a cap of 21 million.

Over the years, Bitcoin has inspired thousands of new types of cryptocurrencies based on its technology. It has also become popular as an investment class due to its strong price increases.

Bitcoin Price

As of the end of March 2024, the price of Bitcoin (BTCUSD) was USD 71,255.80, with a market capitalization of USD 1.4 trillion. Bitcoin is the most traded cryptocurrency in the world and has the largest market share in the cryptocurrency market.

How Bitcoin's Blockchain Works

All Bitcoin transactions are recorded on what is known as the blockchain.

The blockchain is a public ledger of all Bitcoin transactions. At this point, other Bitcoin users, referred to as miners, verify each transaction on the blockchain. This makes transactions very difficult to reverse and counterfeit.

Owners are anonymous. Instead of using national identity documents, Bitcoin connects buyers and sellers through encryption keys. Additionally, it is not issued by a central authority like dollars or euros. Instead, Bitcoin is mined by powerful computers connected to the internet.

Are You Considering Investing in Bitcoin?

If you want to invest in Bitcoin, the first thing is to understand how it works and how it differs from other cryptocurrencies. Some, like Bitcoin, have a limited supply, while others do not.

Furthermore, Bitcoin operates on a Proof of Work (PoW) protocol instead of Proof of Stake, determining its operating speed, transaction costs, and scarcity. These factors define the success of a cryptocurrency.

Although Bitcoin's price is volatile, the key is to maintain a balanced and diversified portfolio. It is also important to understand what you are investing in and have a clear investment strategy for Bitcoin based on your risk profile.

How to Invest in Bitcoin from Latin America

A simple and direct way to invest in Bitcoin is to open an account on an exchange that offers this option. If you are in Latin America, the processes for investing can be confusing and unreliable. Additionally, you can also invest through more than 11 Bitcoin ETFs already available on Hapi.

Hapi is an app for investing in cryptocurrencies and stocks designed with high standards of quality and security, where crypto assets and other securities are available 24 hours a day. Try Hapi here and find Bitcoin for your portfolio!