However, this is not the case in Bitcoin due to its unregulated nature.
Bitcoin has two widely used ticks: BTC and XBT.
Let's explore the differences and their origins.
Satoshi Nakamoto always calls Bitcoin “Bitcoin,” never “BTC.”
Bitcointalk.org while the entity was discussed in forums such as the, the acronym BTC was naturally chosen by the Bitcoin community.
When the first Bitcoin exchanges were launched, they also adopted toner, which further legitimized it.
Some exchanges call Bitcoin XBT for breaching BTC. ISO 4217Standart is a delineated currency indicator.
The ISO 4371 standard creates abbreviations based on the first two letters of the currency's country code, and the third is usually the first letter of the currency's name.
• USD: US Dollar
• JPY: Japanese yen
• GBP: UK pound
This same standard also states that if a currency is not bound to a particular country, its number must begin with an “X”.
Since Bitcoin is clearly a currency that does not belong to a certain country, technically, it should start with an “X.” Therefore “XBT".