BITCOIN PRICE CAD & UPDATES April 2024

Bitcoin is a digital currency created by an unknown person or group of people, Satoshi Nakamoto, in 2009. It doesn't rely on a central bank or single administrator, which makes it distinct from traditional currencies. Instead, it operates on a peer-to-peer network that allows users to transact directly. As of 3 April 2024, Bitcoin’s price in CAD is around $89,991.11.

Unlike traditional currencies, BTC is decentralized. It means that no institution controls the Bitcoin network. It is maintained by a group of volunteer coders and run by an open network of dedicated computers spread around the world. Its total supply is capped at 21 million. This limit is encoded in its algorithm and can't be changed. The idea behind this is to create scarcity and, therefore, value.

Buying Bitcoin in Canada is relatively straightforward, thanks to the country's progressive stance on cryptocurrencies and a well-regulated financial environment. The Canadian government and financial regulators have implemented measures to accommodate the growing interest in Bitcoin and other cryptocurrencies. Maple Investments is a Canadian financial platform. It offers crypto-centric services including Digital Retirement Plans and Crypto Credit Cards. It also provides live Bitcoin prices in Canadian Dollars.