True or False: We can represent any number in existence just by using bits.

The statement is true because bits, which are the fundamental units of information in computing, can be used to represent a wide range of numerical values. A bit is a binary digit that can have a value of either 0 or 1. By combining multiple bits, we can represent various types of numbers in different numerical systems.

For instance, with 8 bits (also known as a byte), one can represent 256 distinct values, ranging from 0 to 255 if using unsigned integers, or from -128 to 127 if using signed integers. Beyond integers, floating-point representation allows for the expression of rational numbers, encompassing very small to very large values, thus expanding the range of numbers we can depict using bits.

The ability to represent any number theoretically stems from the concepts of binary representation and encoding techniques, which can vary from integers to decimals, and more complex forms of data. While there may be practical limitations in computing systems regarding the range and precision of numerical representation, the foundational principle remains that we can use combinations of bits to represent any conceivable number within those parameters.