Bitcoin, being a decentralized cryptocurrency, is not owned by any individual or central authority. Instead, Bitcoin operates on a decentralized network called the blockchain, which is maintained and secured by a community of participants known as miners.
Miners are individuals or organizations that contribute computing power to the Bitcoin network. They validate and verify transactions by solving complex mathematical puzzles, and in return, they are rewarded with newly minted Bitcoin as well as transaction fees.
Individuals around the world can own Bitcoin by acquiring it through various means. They can purchase Bitcoin on cryptocurrency exchanges, receive it as payment for goods or services, or participate in mining activities to earn Bitcoin. Once acquired, Bitcoin is stored in digital wallets that are secured with private keys, allowing individuals to access and manage their Bitcoin holdings.
Since Bitcoin operates on a decentralized network, no single entity or individual has complete control over the cryptocurrency. The decentralized nature of Bitcoin is one of its fundamental characteristics, as it eliminates the need for intermediaries and provides individuals with direct ownership and control over their funds.