11 fun facts about bitcoin

Just a heads up, if you buy something through our links, we may get a small share of the sale. It’s one of the ways we keep the lights on here. Click here for more.

Cryptocurrencies are the economic revolution of our days. They represent a change in a financial system that seemed stable and secure. Hence, these following fun facts may amaze you and help you learn much more about them.

Ever since we met these currencies, they have forever changed how we see finances. 15 years ago, we wouldn’t have ever thought about new coins based on blockchain and not regulated by any entity.

Bitcoin is the most valuable coin in the world. It started having no value whatsoever, and now after many ups and downs, it has reached prices that no one would have ever expected.

1- More Than 20% of Bitcoin Is Lost Forever

This is due to them being trapped in wallets that can no longer be accessed. More than 3,760,000 BTC can’t be used ever again, which is around $190,000 million dollars.

2- More Than 660 million Bitcoin Transactions Have Been Done

This number keeps updating day after day, and as of right now, more than 300,000 transactions are made every day.

3- Bitcoin Is the Legal Currency of El Salvador

The nation’s president Nayib Bukele announced that El Salvador would become the first country to accept Bitcoins as legal currency. Nonetheless, it still doesn’t replace the American dollar as a payment method.

4- The Last Bitcoin Is Going to Be Mined in 2140

Only 21 million Bitcoins can ever exist, as it is programmed into the coin’s code. It is estimated that we are going to be able to keep mining them until the year 2140.

5- The First Mortgage in Bitcoin Happened in 2019

It was given to Brock Pierce. He spent more than 3,000,000 BTC on buying a renewed chapel in Amsterdam.

6- The First Commercial Transaction Made with Bitcoin Was to Buy a Pizza

On May 22nd of 2010, Laszlo Hanyecz paid 10,000 BTC for two Papa John’s pizzas, which cost about $41. Now we commemorate the Day of Bitcoin’s Pizza each year. If those pizzas were bought today, they would cost more than $500,000,000.

7- There Are More than 100,000 Bitcoin Millionaires

According to BitInfoCharts, there are more than 100,000 wallets with more than $1,000,000 worth of crypto in them.

8- We Don’t Know Who Created Bitcoin

It is still unknown whether it was a single person or a group, but their code name is Satoshi Nakamoto, and it is estimated that they own over 1,000,000 BTC, as they were the first to ever mine it.

9- You Can Buy a Fraction of Bitcoin

These are called “Satoshis” in honor of their creator. The smallest amount you can buy is 0.000000001 BTC. Therefore, you don’t need to buy the whole BTC for thousands of dollars. You can start small to begin your business.

10- Bitcoin and Cryptocurrency Are Not the Same

Cryptocurrency is the umbrella term for all the digital assets that you can mine or trade. Therefore, Bitcoin is a cryptocurrency, but it is not the only one. Besides Bitcoin, some of the most popular ones are ETH, Ripple, etc.

11- There Are More than 1,000 Cryptocurrencies in the World

Even though it is hard to estimate how many cryptocurrencies there are, as they keep appearing all the time, it is estimated that there are more than 1,000 cryptocurrencies in circulation.

Bottom Line

The world of crypto and Bitcoin is fascinating, and over the years, it has been filled with several fun facts that are at least amusing to read about.

Nonetheless, if you want to acquire more profound knowledge about Bitcoin and trading, the best thing you can do is go to bitcoin buyer and start trading today.

Have any thoughts on this? Let us know down below in the comments or carry the discussion over to our Twitter or Facebook.

Editors’ Recommendations:

• How to sell bitcoin and how do bitcoin transactions work?
• The crash of bitcoin
• How to purchase bitcoin anonymously or without an ID
• A simple introduction to bitcoin