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See the live Bitcoin price UK. Buy Bitcoin in the UK or add it to your Crypto Strategy.

Bitcoin

BTC

BTC to GBP Price

£48,688.46

Bitcoin Market Cap

£956.41B

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BTC GBP price chart / performance

BTC GBP price chart / performance

Risk warning|
From
Feb 25, 2024
To
Mar 3, 2024

Strategies with BTC

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Returns

Returns

Return (24h)
-0.43%
Return (7D)
+19.80%
Return (1M)
+43.46%
Return (1Y)
+161.00%

My Investment

My Investment

Profit Taken
£0.00
0%
Profit/Loss
£0.00
0%
You Have:

Bitcoin (BTC) History and Overview

Bitcoin (BTC) History and Overview

Bitcoin is the first and most popular digital currency - a cryptocurrency. It powers a peer-to-peer network for the exchange of value through the use of a decentralized protocol. The idea behind Bitcoin is to have a system where there is no middleman or central authority. The live Bitcoin to GBP conversion is £ 48,683.31.

Bitcoin refers to both the software protocol as well as to the digital asset, which goes by the ticker symbol BTC. At its most basic level, Bitcoin is useful for transacting value outside the traditional financial system. You can buy and sell BTC for other cryptos alongside more traditional currencies at crypto exchanges like Binance, Kraken and Bitstamp.

Satoshi Nakamoto, a mysterious person (or group of people), launched Bitcoin in 2009. What sets it apart is that it's completely decentralized, meaning no single entity controls it. Instead, a network of computers, known as miners, maintains and validates transactions.

Bitcoin mining creates new bitcoins in the form of block rewards. The process verifies transactions on the blockchain. Miners earn Bitcoin as a reward for completing "blocks" of verified transactions and adding them to the blockchain.

It has a maximum total supply of 21 million, which means that there can only be 21 million in circulation. However, the number of issued Bitcoins will likely never reach 21 million. That is because of the use of rounding operators in the codebase.

You can break a single Bitcoin down into 100 million tiny pieces called "satoshis." You can store them in a digital wallet. The current price of 1 BTC in GBP is £ 48,683.31. But you do not need to buy a whole Bitcoin; you can buy a very small fraction of it.

You can send parts of a Bitcoin to pay for things. You can also trade it for other crypto assets. But when you dig into the technicalities, it's like peeling an onion—layer after layer of complexity.

All Bitcoin transactions happen on a blockchain. Think of it as a public digital ledger that everyone can see but no one can tamper with. Miners are the ones who validate and secure these transactions. They validate transactions by solving complex math problems and receive new bitcoins as a reward for their efforts.

Key Points to Remember

  • Bitcoin was the first big player in the crypto game, and it's still the largest by market value.
  • Unlike traditional money, it exists on a decentralized network called a blockchain.
  • Its value has had a roller-coaster ride, experiencing dramatic ups and downs over the years.
  • Because of the digital asset's success, countless other cryptos have sprung up, increasing the use of blockchain technology.
  • You can buy Bitcoin on several cryptocurrency exchanges.

How To Buy Bitcoin or Add it to your Strategy

The fastest, most convenient way to purchase Bitcoin is to purchase it on ICONOMI. We check Bitcoin live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Bitcoin by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Bitcoin is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Bitcoin, we recommend you read the next section, as copying might be a better approach.

Add Bitcoin to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Bitcoin in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Bitcoin BTC. See all Bitcoin price predictions in real time and make the best use of their crypto knowledge.

Andy Storm
13h ago

No #bitcoin $BTC available on US OTC. Next week will be very intersting! 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥

My strategy here: https://www.iconomi.com/asset/CRYPTOALLIEN

4 people like this

💡 This is what is really happening.


💵 Bitcoin $BTC ETFs are financial instruments that connect largest fiat liquidity pool from TradFi - that is WallStreet - to DeFi.


🕰️ This is just the beginning.


✉️ Write to: [email protected]


💊 Stack sats.


📚+🧠=📈

Post image
2 people like this

💡 It is too expensive not to own any Bitcoin $BTC.

🧠+📚=📈

Post image
5 people like this
Andy Storm
18h ago

#Gold ETF took 3 years to reach $10 billion, $btc #Bitcoin ETF did it in 7 weeks! What can come next? Very possible supply sock! Have you heard of black swan? This is the opposite 🍀

🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥

US OTC PLATFORMS HAVE RUN OUT OF BITCOIN. THERE ARE ONLY 40 BTC LEFT ON US OTC PLATFORMS.

THIS WILL ADD TO MASSIVE SUPPLY SHOCK WE ARE ALREADY SEEING.

5 people like this

@CloudeSonat thank you for your appreciation!

Hello dear followers. 👋


📈 Quick strategy update.

We've seen an amazing 133% growth over the last 6 months and quite a remarkable 63% growth over a period of one year.

Mostly this has been due to the strong position $BTC, due to, among others, recent approval of ETFs.


🚀 Things that are making me most bullish:

  • $BTC halving in March or April
  • Ethereum's upcoming Dencun upgrade in March
  • Possible $ETH ETF approval in May


🔮 Based on past cycles, I believe that these events are typically followed by an altcoin season, for which our portfolio is well diversified and balanced.


💡 Tip: when the bull run will be in full swing, don't forget to take some of the profits.


Cheers ✨

3 people like this

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Bitcoin Price FAQ

What Is the Highest Price of Bitcoin in GBP?

Bitcoin price UK history shows the highest value of 50,309.63 GBP . We recorded this price on February 28, 2024, but we cannot exclude that a higher price was registered before May 19, 2017.

What Is the Lowest Price of Bitcoin in GBP?
How to buy Bitcoin in the UK?
What Is the Current Bitcoin Price UK in GBP?
Is Bitcoin a good investment?