Bitcoin Price CAD

Bitcoin is a decentralized digital currency invented in 2008 by an unknown individual or group of people using the pseudonym Satoshi Nakamoto. It was released as open-source software in 2009. It is the first and most well-known cryptocurrency.

The Bitcoin network is based on a blockchain ledger. It is a shared public ledger that records all confirmed transactions. Participants in the Bitcoin network, known as miners, use powerful computers to solve complex mathematical problems. This process also secures the network and processes transactions.

Canada was one of the first countries to take steps towards regulating Bitcoin and other cryptocurrencies. The Canadian government treats cryptocurrencies as commodities, and transactions involving cryptocurrencies are considered as barter transactions for tax purposes. As of March 20, 2024, Bitcoin price in CAD is around CAD 85,576.63. For more information, you can visit Maple Investments. It is an investment platform that offers various crypto-centric services.