Bitcoin Price



BTC Market Information

  • Rank1
  • Circulating Supply19.703.228
  • Total Supply19.703.228
  • Market Cap21.729.205.461,2 Million
  • Maximum Supply21.000.000

BTC Related Links

BTC Live Price


69.416,48 3.10%

24H Volume: 0,74517 BTC


1.113.822.531 2.80%

24H Volume: 1,39846 BTC

About Bitcoin (BTC)

The live price of Bitcoin is Rp Rp 577.485.177,- per (BTC to IDR) with a current market cap of Rp 11,242,043.79B IDR. 24-hour trading volume is Rp 287,733.07B IDR. BTC to IDR price is updated in real-time. Bitcoin is -0.79% in the last 24 hours with a circulating supply of 19.54M.

Bitcoin is a popular digital asset that offers exciting trading opportunities. Created in 2009, Bitcoin operates on the blockchain, a decentralized digital ledger where all transactions are recorded and verified by miners through Proof of Work.

What are the factors that make bitcoin so valuable?

1. Scarcity and Limited Supply
Bitcoin attracts investors' attention because of its limited supply. Only 21 million Bitcoins will exist, a fact that emphasizes the scarcity and potential appreciation of the value of this asset.

2. Decentralization as a Key Advantage
This crypto asset stands out for its decentralized nature, offering autonomy and freedom from third-party intervention. As trading volumes increase, so does demand from retail and institutional investors, which in turn strengthens the value of Bitcoin.

3. Dominance in the Crypto Market
With a significant market capitalization, Bitcoin has proven itself to be a reliable store of value. This stability and reputation has sparked continued interest from a wide range of investors.

4. Widespread Acceptance and Adoption
In the past five years, Bitcoin and other cryptocurrencies have seen a significant increase in adoption. This positive trend underscores the potential upside value and reliability of Bitcoin as an important component of a modern investment portfolio.

5. Effective Value Protector
Global economic uncertainty, especially during the COVID-19 pandemic, has led investors to seek effective hedging options. Bitcoin, often dubbed as "digital gold," has demonstrated its strength in the face of inflation and market volatility.

How to Get Bitcoin?

Investors can acquire Bitcoin through the mining process, or more easily, buy it from a trusted trading platform like Bittime.

Weighing Your Investment Options
As a tried-and-true digital asset, Bitcoin offers a promising investment opportunity with the potential for significant returns. However, as with every investment, it is important to conduct in-depth research and consider the risks before allocating your funds.

By considering the key factors that affect the value of Bitcoin, investors can make informed and educated decisions in exploring the dynamic world of crypto investment.
What is the future price of Bitcoin (BTC)?
There are several factors that you can monitor to understand what drives price movements and volatility in this crypto. These include::

BTC Coin Supply and Demand
The current price of Bitcoin is influenced by the balance between limited supply and market demand for it. The total supply of Bitcoin is limited to 21 million coins, and the production rate decreases approximately every four years until it is halved. When supply becomes scarce, this can increase demand and potentially push the price of BTC up beyond the USD price.

Crypto Asset Regulatory Developments Around the World
Government regulations and legal frameworks play a role in shaping the perception and adoption of Bitcoin. Each country has a different approach to crypto-asset regulation, and changes in regulation can impact market sentiment and investor confidence, which in turn can affect the value of Bitcoin.

Impact of News Events on BTC Price
News events and media coverage can have a significant impact on Bitcoin price. Positive news, such as institutional adoption or regulatory clarity, can increase BTC demand and price. Conversely, negative news, such as security breaches or regulatory crackdowns, can decrease the value of Bitcoin due to reduced trust and selling pressure.

Liquidity and Accessibility
The ease of buying, selling, and trading Bitcoin can affect the price of bitcoin itself. As Bitcoin becomes more accessible through various investment platforms and products, such as futures contracts and mutual funds, it can attract a wider investor base, potentially increasing BTC demand and price.

What is Bitcoin Mining?
Bitcoin mining is the process of creating new Bitcoins using mining rigs and high-capacity computers. By solving complex math puzzles, miners validate transactions in the blockchain and record them in newly formed blocks. This is a critical process that ensures the security and integrity of the Bitcoin network.

Bitcoin miners verify transactions, mint new BTC, and contribute to the circulating supply of BTC. In exchange for their mining efforts, miners receive a portion of the newly minted Bitcoin as a block reward.
When is the Next Bitcoin Halving?
Bitcoin halving events are predetermined and built into the Bitcoin protocol. Halvings occur every four years until the maximum supply of 21 million Bitcoins is reached, estimated to be around 2140. After each halving, the number of new Bitcoins created and awarded to miners for adding blocks to the blockchain decreases by 50%. The first Bitcoin halving occurred on November 28, 2012, in block number 210,000, when the block reward was reduced from 50 BTC to 25 BTC.

After the second halving in July 2016 and the third halving in May 2020, the next halving is expected to occur between February and May 2024, around block number 840,000, when the block reward will be reduced from 6.25 BTC to 3.125 BTC.

How Much Energy Does Bitcoin Consume?
The Bitcoin network uses a proof-of-work (PoW) consensus mechanism to validate transactions, which requires mining rigs with high computing power and energy. These Bitcoin mining rigs are essential for keeping a record of all transactions on the BTC blockchain.

Bitcoin's energy consumption is due to its decentralized structure and consensus mechanism known as proof-of-work. To verify transactions, computers in the Bitcoin network compete to solve complex math problems. This process, known as mining, requires significant computing power and consumes a lot of energy.

However, Bitcoin miners are exploring the potential of utilizing cleaner energy sources that could solve Bitcoin's energy consumption problem.

How Secure is Bitcoin?
When it comes to security, Bitcoin stands tall as a crypto asset designed with this most important aspect in mind. Since its inception, the Bitcoin blockchain has remained resilient, never suffering any significant attacks. While there is a theoretical possibility of hacking into the Bitcoin protocol, carrying out a 51% attack is difficult and time- and effort-consuming, due to the decentralized nature of the Bitcoin network supported by its open worldwide community.

What are the Different Ways to Invest in Bitcoin?
There are many investment opportunities to explore including:

1. Buying and Storing Bitcoin (BTC)
The most popular and easy option is to buy Bitcoin and store it. By doing this, you will benefit as long as the value of BTC continues to increase. But keep in mind that there is a potential risk of loss if the market crashes. In this case, you can sell your Bitcoin on the market. Through Bittime, you can explore Spot Trading to easily buy and sell bitcoins.

2. Generate passive income through Lending

Another interesting strategy is to lend out your BTC holdings to generate passive income. By lending Bitcoin, you can easily increase your capital over time. This method allows you to utilize your Bitcoin and earn additional profits.

3. Investing in Bitcoin Futures

Users can also go long or short Bitcoin to profit from its price movements. Bitcoin futures offer a popular option for advanced traders to generate leveraged returns through minimum authorized capital. However, big profits often come with big risks, and you should implement proper risk management to reduce the risk of loss in the volatile crypto market.

4. Investment Trust through Investment Manager
Investment trusts offered by reputable companies like Grayscale are attractive to large investors seeking exposure to Bitcoin. For example, Grayscale Bitcoin Trust is a public fund that allows you to buy GBTC shares, providing indirect exposure to Bitcoin. It is important to note that investment trusts often trade at a premium and may entail higher fees than buying Bitcoin directly on an exchange.