Bitcoin Facts – Learn the most interesting facts about the most popular cryptocurrency on the planet
Some Bitcoin facts help us
understand the state of cryptocurrency adoption worldwide and build expectations
about what awaits us in the coming years.
Created in 2009 by Satoshi Nakamoto shortly
after the economic crisis of 2008, Bitcoin emerged to revolutionize one of the
world’s most popular technologies: money.
What is so innovative about Bitcoin?
Using a technology called blockchain,
the cryptocurrency has enabled a simple and quick way to make money transfers,
without the need of a third party involved, such as a bank or a company.
It may seem quite simple, but even
for today that is revolutionary. With Bitcoin, you no longer need to have a
bank account to make transfers or store any amounts of money. All you need is a
virtual wallet on your mobile phone, computer or even on the Internet.
This reduces the price of
transactions for users, who are not obliged to bear the costs and inconvenience
of having an account in a banking institution. Moreover, as there is no need to
register, there is much more anonymity.
In addition, we are talking about a
type of money independent of a central bank, since its operation is based entirely
on the code of cryptography. Therefore, cryptocurrency is immune to the ups and
downs of the monetary policy of a specific country.
Although in its eleven years of existence Bitcoin can already be considered a success, the currency still has a long way to go in the coming years. Let’s see some Bitcoin facts that reveal its growth and its potential for the future.
Since its launching, Bitcoin has
increased by around 2.618.006,67%.
Those who had
the vision (or luck) to mine or buy Bitcoins in its first days of existence
ended up making the best investment of all time.
judgement reflects the rapid expansion of Bitcoin among users around the world.
If at the beginning the audience of the cryptocurrency was limited to programmers
and crypto enthusiasts, now Bitcoin can be bought or sold even at ATMs.
The highest price Bitcoin ever
reached was US$ 19,783.06
high was on December 17, 2017, when the cryptocurrency exceeded the value of $
19,000 per unit.
That year, the
cryptocurrency made a historic flight. In January 2017, a unit cost less than
Since then, the currency
has never been this valuable again. Currently, it is priced between $ 7,000 and
$ 8,000. On the other hand, despite the bursting of the bubble, the price of
the coin has not fallen below $ 3,400.
Bitcoin represents about
68% of the crypto market value
There are literally thousands of cryptocurrencies in the market. However, Bitcoin is still the most popular of them all. With a market capitalization value of around $ 142,707,884,674 (according to CoinMarketCap), the cryptocurrency queen possesses almost 70% of the crypto market.
By way of
comparison, the market capitalization value of Ethereum, which is the second
largest cryptocurrency, is $ 14,937,702,222. Almost ten times less!
Almost half of Bitcoin users
are between 25 and 34 years old
According to CoinDance, approximately 46.32% of Bitcoiners
are between 24 and 36 years old.
In second place
is the range of those between 35 and 44, with 26.76%. Third, those between 18
and 23 years old, with 10.29%.
These data are interesting because they reveal the largest adoption of Bitcoin among the economically active population. This is extremely powerful, since not only the highest salaries are concentrated in this age group, but also the influence in the world economy.
The vast majority of Bitcoin
users are men
In terms of
gender, Bitcoiners are mostly men. According to CoinDance, approximately 87% of
Google searches related to Bitcoin are performed by men, while women account
However, this scenario may change in the coming years. According to Yahoo Finance, a survey conducted in the United States showed that about 1/3 of the country’s population is interested in investing in Bitcoin. Out of them, about 43% are female. In this sense, it is possible to affirm that there is a great potential for the adoption of Bitcoin among women.
23% of all Bitcoins are lost
million of Bitcoins in circulation has been lost forever. This is equivalent to
approximately 23% of the total available BTCs.
figures, this means around 29 billion dollars!
Most of these
Bitcoins disappeared along with virtual wallets. The misuse of technology and the ignorance about Bitcoin applications in
its early years led many people to losing their passwords, forgetting their
cryptocurrencies and so on.
The founder of Bitcoin owns
about 1 million of coins
Satoshi Nakamoto, founder of Bitcoin whose real identity is still unknown, has
a portfolio of about 1 million BTCs, which is equivalent to approximately 7.8
However, it is
widely believed that Nakamoto will not circulate his cryptocurrencies. After
all, if he did, the market would be flooded with Bitcoins, which would lead to
a drastic price drop.
The maximum of Bitcoins that
will ever exist is 21 million
Each block of
transactions validated by the Bitcoin network generates several new Bitcoin
units. This process is known as mining, and every BTC in circulation today was
extracted this way one day.
In addition, for
every 210,000 mined blocks, the value per validated block is reduced by half. This
process is known as halvening. According to the forecast, by 2140, all
existing Bitcoins will have been mined.
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