BTC IDR Prediction 2024: Bitcoin Price Analysis against the Rupiah

Bittime - Learn about Bitcoin (BTC), the first decentralized crypto asset introduced by Satoshi Nakamoto, its price predictions for 2024, and how Bitcoin enables direct online transactions without intermediaries.

What is BTC?

The white paper is an initial document explaining the decentralized cryptocurrency known as Bitcoin by a person or group of people using the alias Satoshi Nakamoto. Bitcoin was first released in January 2009.

Bitcoin is a peer-to-peer online currency, meaning all transactions occur directly between the same, independent network participants without requiring permission or support from intermediaries. Nakamoto stated that the purpose of creating Bitcoin was to make it easier to send online payments directly from one party to another without going through a financial institution.

As the first crypto asset to be used in real life, Bitcoin has the advantage that even though there are several ideas about a type of decentralized electronic currency similar to BTC.

Who Invented Bitcoin?

The pseudonym for the first inventor of Bitcoin is Satoshi Nakamoto. As of 2020, the real identity of the person or organization behind the alias remains a mystery. Nakamoto published the Bitcoin whitepaper on October 31, 2008.

The whitepaper explains in detail how to use online currency between peers. They recommend using a decentralized ledger of transactions packaged in batches called “blocks” and protected by system-wide cryptographic algorithms.

BTC IDR Prediction 2024 Price Analysis

The data shows that the Bitcoin (BTC) price prediction is around 1,104,796,164.92 IDR. This figure reflects the estimated value of Bitcoin in Indonesian rupiah which can be influenced by a number of market variables, including supply and demand, investor sentiment, government regulations, and the global economic situation. The final value of Bitcoin in local currency is also influenced by changes in exchange rates between IDR and other major currencies, such as USD.

Conclusion

In January 2009, Satoshi Nakamoto introduced the first decentralized cryptocurrency, Bitcoin (BTC). Bitcoin allows direct online transactions without intermediaries. Nakamoto's true identity continues to be a mystery. Influenced by markets, regulations and currency exchange rates, the price of Bitcoin is expected to reach around 1,104,796,164.92 IDR in 2024.

How To Buy Bitcoin (BTC) With Bittime

You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. Bitcoin (BTC) is available on Bittime with BTC IDR pairing.

To be able to buy BTC IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.