Breaking down Bitcoin: Jimi Fitz explains the basics of Bitcoin as it hits a new milestone

Bitcoin, the revolutionary decentralized computer protocol, has reached an unprecedented milestone: $100,000 per coin. With no central authority, Bitcoin operates on a global network of millions of nodes and data centers, likened to the power output of five nuclear reactors. Its peer-to-peer structure positions it as a store of value—dubbed "digital gold"—and as a functional currency in many countries experiencing fiat instability. Retail acceptance is growing rapidly, with major brands and point-of-sale systems adapting to Bitcoin payments. Recently, former President Trump made headlines using Bitcoin for a purchase in New York, signaling mainstream adoption. This convergence of factors, including Wall Street’s historic Bitcoin ETF launch in January and the April halving event reducing Bitcoin’s supply, has propelled its price upward. Experts attribute Bitcoin’s success to its status as a hedge against inflation and its appeal to younger generations. As the largest wealth transfer in history unfolds with baby boomers passing their assets, digital currencies like Bitcoin have become the preferred investment over traditional gold. For those looking to explore cryptocurrency, the CryptoFITS app offers educational resources, news updates, and live interactions. As Bitcoin’s journey continues, it remains a symbol of financial evolution and innovation.