Original archived Bitcoin vs. US Dollar
Scraped on 17/06/2025, 14:50:42 UTC
Bitcoin (BTC) and the US Dollar (USD) are fundamentally different forms of currency with distinct characteristics:
Bitcoin (BTC):
Nature Digital cryptocurrency, decentralized
Control No single authority (government/central bank)
Supply Limited (21 million total)
Volatility Highly volatile, price fluctuates rapidly
Usage Investment, digital transactions, trading
Legal Status Varies by country (illegal in Bangladesh)
Mechanism Blockchain technology, peer-to-peer
US Dollar (USD):
Fiat currency, centralized
Controlled by US government/Federal Reserve
Unlimited (can be printed as needed)
Relatively stable, gradual changes
Everyday transactions, global reserve currency
Legal tender in US and widely accepted globally
Banking system, credit cards, digital payments
In essence, Bitcoin is a digital asset primarily used for investment and some online transactions, known for its decentralization and price volatility. The US Dollar is a traditional government-backed currency used for all forms of daily transactions worldwide, valued for its stability and widespread acceptance.