From beginner to advanced — master exchanges, wallets and blockchain essentials
Companies add bitcoin to the balance sheet for treasury diversification, liquidity, and strategic signaling, but volatility, custody, and accounting matter.
Adam Hayes’s cost of production model for Bitcoin explains how mining costs can shape price support and miner behavior, not a fixed fair value.
The GENIUS Act is not a direct Bitcoin catalyst, but clearer stablecoin rules could support Bitcoin through better market access and lower policy uncertainty.
IBIT is generally structured around actual bitcoin held by the fund, but investors own ETF shares in a brokerage account, not coins in a personal wallet.
Usually no. Bitcoin ETF investors typically own fund shares, not bitcoin they can move with their own private keys.
Bitcoin is not a physical coin. It is a digital asset and payment system that runs on a blockchain, while “coin” is mostly a naming convention.
Are bitcoins actually worth anything? Yes, but their value comes from scarcity, transferability, verification, and market demand rather than physical backing.
Bitcoin can serve as a unit of account, but most real-world pricing and contracts still use fiat. The key test is what people actually price and record in.
