Ainslie Bitcoin (BTC)
Bitcoin (BTC) is often referred to as the “King of Crypto”, being the first and currently the most valuable coin in terms of market capitalisation. Bitcoin has remained the reserve currency in the crypto space due to its continued dominance in market cap, media attention and liquidity for transferring between other alternative cryptos. Its supply is constrained to only 21 million units and the remaining which hasn’t been minted yet can only be created through a complex, laborious and expensive “mining” process, which also ensures the security of the network.
Bitcoin is a genuine cryptocurrency as it was created to allow direct, trust-less peer-to-peer payments. However, it has moved away from its intended purpose of being a peer-to-peer payments network towards a 'store of value'.