After losing 65% of its value in 2022, Bitcoin (CRYPTO: BTC) experienced a major resurgence last year, as the digital asset soared more than 150%. Anticipation was likely building for the approval of spot exchange-traded funds (ETFs), of which there are now 11 on the market.

Bitcoin's strong price momentum might encourage you to quickly buy the world's leading cryptocurrency. But before doing so, here are four things you need to know.

Although it utilizes innovations that came about before its launch, like public key cryptography, digital cash, and the internet, Bitcoin was a huge breakthrough. For the first time in history, something of value could be sent digitally between two parties without the use of an intermediary.

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Source Fool.com