{"id":276,"date":"2019-11-29T05:06:00","date_gmt":"2019-11-29T05:06:00","guid":{"rendered":"https:\/\/hub.pfind.com\/?p=276"},"modified":"2025-05-12T08:45:21","modified_gmt":"2025-05-12T12:45:21","slug":"bitcoin-statistics-and-facts","status":"publish","type":"post","link":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/","title":{"rendered":"Bitcoin &#8211; 50 Statistics and Facts"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The debut of <strong>Bitcoin<\/strong> opened the\ngates of the world market for <strong>Cryptocurrency<\/strong>. From being the first\ncryptocurrency to the world\u2019s most popular one, it had come a long way since\n2008. Bitcoin has become a substitute term for cryptocurrency. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoins have a popular name among the\ncryptocurrency merchants. It has not only broken the norms of mainstream\npayments but is also becoming an essential part of technology and the industrial\nmarket gradually.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although some countries do not embrace Bitcoins\nfor several reasons, some have accepted them as a legitimate payment mode and\neven provided it the status of a commodity. The difference between its initial\nand present value reflects the increasing love for this digital asset.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s look at some statistics and facts\nabout Bitcoin to comprehend their journey from the first pizza transaction, to\nbecoming a payment mode in major economies of the world.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">General statistics about Bitcoin<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Below are a few general statistics of this\ncryptocurrency.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Bitcoin is the world\u2019s largest\ncryptocurrency, with an estimated market of <em>$147,000,\n000, 000.<\/em> <\/li><li>The market capitalization of\nBitcoin is <em>$144,239,070,724.<\/em><\/li><li>The price of one Bitcoin is\nequal to <em>$9015.38.<\/em><\/li><li>The present circulating stream\nof Bitcoin is <em>18006637.5 BTC,<\/em> with <em>2959287.5<\/em> left to be mined.<\/li><li>There are about 32 Million\nBitcoin wallets in the world.<\/li><li>On average, 144 blocks are\nmined daily, which means about 12.5 times Bitcoins, i.e., 1800 BTC. There are\nabout 603257 blocks mined.<\/li><li>The number of confirmed Bitcoin\ntransactions per day currently fluctuates between 300k-450k, with highest in\nDecember 2017 at 490k.<\/li><li>The current average block size,\nwhile writing this article, is 0.80 MB; with Mempool Size is <em>1194210<\/em>, which is the number of\ntransactions waiting to be confirmed.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Coin Market, Blockchain.com)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">1.The\nBitcoin exchanges<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The worth of Bitcoin in the crypto market is enormous. Many exchanges contribute to this value, but some names are too big to overlook. Here is a list of the world\u2019s largest exchanges of Bitcoins.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.ebool.com\/hub\/wp-content\/uploads\/2019\/11\/Top-Exchanges.png\" alt=\"\" class=\"wp-image-278\"\/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The graph below shows the value and volume of the Bitcoin Exchanges in Million Dollars.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Bitcoin World-Wide)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">2.\nValue of Bitcoin<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Under statistics, we have brought you the\nvalue of Bitcoins in the ten largest economies of the world. Please note that\nthe enlisted entries are according to the cost of Bitcoin at the time of\nwriting this article.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the <strong>United\nStates of America<\/strong>, the world\u2019s largest economy, the value of one Bitcoin is\n<strong>$9015.38<\/strong>. The value of Bitcoin in the Chinese currency is around \u202a<strong>63,179.78\nChinese Yuan<\/strong>. (1 Yuan=$0.14) <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One Bitcoin cost\n\u202a<strong>9,82,225.65 Japanese Yen<\/strong>. (1 Yen= $0.0092) In the fatherland of <strong>Germany<\/strong>,\nit is \u202a<strong>8,171.54 Euro<\/strong> that is equal to one Bitcoin. (1 Euro= $1.10) <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the <strong>UK<\/strong>,\none Bitcoin equals \u202a<strong>7,033.80 Pound sterling<\/strong> (1 Pound Sterling= $1.26). <strong>France<\/strong>\nuses the same currency as Germany, which is the Euro. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the land of\nfestivals, one Bitcoin is equivalent to about \u202a<strong>6,44,004.65 Indian Rupees<\/strong>\n(1 Rupee=$0.014). The land of wines <strong>Italy<\/strong> also has Euro as its currency,\nand thus the value of Bitcoin is the same as that in France and Germany. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Brazil, you\nneed to pay \u202a<strong>37,537.34 Brazilian Real<\/strong> for one Bitcoin (1 Brazilian Real=\n$0.24). In Canada, it costs around \u202a<strong>11,918.33 Canadian Dollars<\/strong> for one Bitcoin.\n(1 Canadian Dollar= $0.76)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The market\nalways keeps deceiving, and so does the value of Bitcoin. The value may differ\nat different points of time, even while you are reading this article.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Investopedia)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">General Facts about Bitcoin <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The great Bitcoin market and its figures in\nsupply and share of the digital currency market certainly make us inquisitive\nabout it. There are many facts and myths regarding this cryptocurrency. Some of\nthem can compel you to doubt your knowledge about the cryptocurrency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some facts about Bitcoin. You\nmight already know about some of them, but some would surely leave you struck\ndumb.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">3.Founder of Bitcoin<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin was <strong>founded on 31<sup>st<\/sup>\nOctober 2008 by Satoshi Nakamoto<\/strong>. However, the name is still is a mystery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many people believe that it is a \u2019ghost\nname\u2019 and is derived from <strong><em>SA<\/em><\/strong><em>MSUNG and <strong>TOSHI<\/strong>BA<\/em>.\nSimilarly, Nakamoto is assumed to be derived from <strong><em>Naka<\/em><\/strong><em>michi\nand <strong>Moto<\/strong>rola<\/em>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Like many other people in March 2010, Craig\nWright, an Australian entrepreneur, claimed to be the inventor of Bitcoin, which\nlike all other claims, turned out to be a scam. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Bitcoin is still searching for the name\nof its inventor. For now, <em>Satoshi Nakamoto<\/em> is the most probable name\nthat the world knows.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Medium)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">4. Want Pizza? How many Bitcoins do you have?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">It would interest you to know that the\nfirst documented deal through Bitcoins was a pizza purchase. Yes! &nbsp;<strong>On 22 May 2010<\/strong>, a Hungarian developer\n\u2018Laszlo Hanyecz\u2019 bought two large pizzas for 10,000 Bitcoins. It was nearly\n$600 then.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you calculate the amount concerning\ntoday\u2019s Bitcoin value, you find that Hanyecz paid nearly $70 million for two\npizzas. It became a landmark in the history of Bitcoins, and to commemorate\nthis bizarre transaction and first-ever Bitcoin deal; this day is celebrated as\n<strong>Bitcoin Pizza day<\/strong> since then.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: QZ)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">5. The initial value of Bitcoin<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The pizzas seemed expensive to us. The\nvalue that Hanyecz paid was according to the value of Bitcoin then. The price\nof the first-ever Bitcoin was $0.003. Yes! Now it may be easy for you to\nunderstand that why would one pay this hefty amount for two pizzas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One thing to note here is the long journey\nof the cryptocurrency from $0.003 to the million dollars that we see today.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Fine Extra)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">6. Is Bitcoin a Currency or Commodity?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">There is a non-ending debate regarding Bitcoin\nabout considering it as a currency or commodity. Bitcoin does not fit in the\ndefinition of currency that is given by Merriam Webster Dictionary. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cryptocurrency does not possess all the\nprescribed characteristics. Looking at this, the Commodity Futures Trading\nCommission of USA considers it as a commodity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Similarly, Salil Deshpande, Managing\nDirector of Bian Venture Capital, also refers to all cryptocurrencies as\nrepresentative currencies; thus, they can be used to represent money at\nsometimes but cannot be considered a standard currency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thus, the world seems to agree upon\nconsidering Bitcoin as a commodity instead of currency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Forbes)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">7. How do you measure a Bitcoin transaction?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">You can measure all the Bitcoin\ntransactions. The unit of measuring Bitcoin transactions is Satoshi per byte.\nThe unit is derived from the first name of the Bitcoin inventor. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1 Satoshi = 1\/100000000 Bitcoin transaction\nand is naturally a minimal quantity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Blockchain.com)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">8. The world has only 21 million Bitcoins<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">You know that nothing in the universe is\neternal, and so neither are the Bitcoins. Bitcoin is limited. Yes! You heard it\nright. If you are addicted to Bitcoin transactions, you need to control\nyourself. You and the world have only 21 million units of Bitcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, all of them are not mined, but\nexperts and the world assume that once all of them are extracted, there would\nbe nearly 21 million of them. But guess what? The good news is that it would\ntake as long as 121 years to mine all of them, which means the world would\nwitness all the mined Bitcoins in the year 2140.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another fact about the cryptocurrency would\nblow your mind, and it is that 64% of the Bitcoins are never used and might would\nnever be used in the future. These are called the <strong>\u2018ghost Bitcoins.\u2019<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Investopedia)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">9. Even Elves cannot decode Bitcoin\u2019s Private keys<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Known for their million-year lifespan, even\nelder elves cannot decrypt the Bitcoin\u2019s Private keys. They are composed of\nintegers from 1-10<sup>77<\/sup>. Even at 1 trillion guesses per second, it will\ntake 10<sup>33<\/sup> years to decode a private key.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But what these elves cannot do, it is\npossible by man-made quantum computers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Bit Novosti)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">10. Bitcoin is banned in some countries<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike Japan, not all countries admire\ncryptocurrencies. Reportedly, there are following six countries that have\nbanned Bitcoins, in fact, any cryptocurrencies; <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Nepal, Morocco, Bolivia, Kyrgyzstan, Ecuador,\nBangladesh.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These countries have banned the cryptos for\none or the other reason. Canada has diplomatic laws for cryptocurrency\nexchanges. Money laundering through digital currency is illegal in the country.\nHowever, you can use it in barter transactions. A few banks in the country have\nbanned Bitcoin transactions through their credit or debit cards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many countries seem to join this list very\nsoon due to the legal and official procedures reported there.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Recently, India, the seventh-largest\neconomy of the world caught the eye of the world when a draft titled \u2018banning\nof cryptocurrency and regulation of official digital currency bill\u2019 was drafted\nproposing imprisonment of ten years on making any deal through cryptocurrency\nincluding its generation, mining, selling, holding and transferring.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Fool.com)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">11. Bitcoin\u2019s Network stomps top 500 Supercomputers<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Some of us may think about how powerful Bitcoin\nnetwork can be. Well, it is powerful enough to surpass many supercomputers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The network of Bitcoins combines to form a super-powerful\nnetwork that is worth billions of dollars of hardware. It is among an exascale\ncomputer, i.e., it can compute quintillion floating-point calculations per\nsecond.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Quartz)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">12. Bitcoin floats in Space<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">BitSat, a cube of 10&#215;10 cm, has been\nlaunched in space by Dunvegan Space Systems. Well, what will these cubes do?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They will do what an average satellite does,\ni.e., communicate. It is proposed that a system of 24 such cubes across the\nlower orbit of earth can provide global coverage to Bitcoin network.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These satellites are supposed to work as a\nbackup for most of the data in ground networks. They will act as truth beacons\nand update their information every 15 minutes independently.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: The Balance)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">13. Is Bitcoin Privacy-Friendly?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin is fully encrypted; that is one\nthing, but what about other privacy concerns?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even though many folks propagate that\nBitcoin transactions are anonymous and untraceable, this fact is not valid. There\nare some methods via which Bitcoin transactions can be confined to an\nindividual.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The easiest method is using the data of\ncryptocurrency trade exchanges. They collect vital data of their customers\nincluding their name, address, phone number, and even their IPs. Any attack\nfrom hackers or pressure from government could force these agencies to reveal this\ninfo. Even the crypto wallets are vulnerable to it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Wall Street)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Some Unaffordable Falls from the Ladder <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Achievement is not only something that\ncreates history, but some losses also remain scribbled in the pages of History.\nHere is the list of some worst failures or losses of Bitcoins that became the talk\nof the town in the cryptocurrency market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These losses are so astonishing that they\nare no less than a few achievements in the journey of Bitcoins. When we are\ndiscussing the world\u2019s most popular Cryptocurrency, overlooking these losses\nwould not do justice.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">14.The Hard Drive That Cost $127 Million<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The year 2013 would have been the most\nunfortunate year for <strong>James Howell<\/strong>. An IT worker from Newport, who\naccidentally <strong>threw away a hard drive<\/strong> that had nearly <strong>$127 million<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Howell told that he safely kept the hard\ndrive of his broken laptop recognizing the worth of the Bitcoins, which he\nthought would increase in the future. And that is precisely what happened.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But, Alas! The poor man accidentally threw\nit in a garbage bin during a clear-out where it was dampened in a landfill\nsite. Howell is now looking forward to digging the landfill up to search for\nhis $127 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: CNBC)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">15. WannaCry Indeed Made the World Cry<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Howell\u2019s loss might be an instance of an unlucky\nday, but the WannaCry ransomware attack was an intentionally thrown mace to\ndestroy the walls of the security and more than that the credence of millions\nof cryptocurrency users.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It was <strong>May 2017<\/strong> when <strong>ransomware\ncalled WannaCry attacked the Windows computers<\/strong>. The Ransomware encrypted\ndata of thousands of computers, and some people also reported the demands of\nransom through Bitcoin. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Precisely, the first attack of the crypto\nware was reported on <strong>12<sup>th<\/sup> May<\/strong>. Reports claim that about 150\ncountries got trapped within a day. It was due to the leak of \u2018EternalBlue\u2019 by\nsome anonymous group, which was created to be used as an exploit by NSA for\nolder versions of Microsoft.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Microsoft soon recognized the attack and\nadvised the organizations worldwide to apply the patches that it released just before\nthe attack. Naturally, the systems that were already equipped with those\npatches survived the attack efficiently.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Though almost 150 countries were affected\nby the attack, <strong>Russia, Taiwan, Ukraine, and India<\/strong> were among the\ncountries which <strong>were brutally hit<\/strong> by the ransomware. However, the world\ncould never find the prime mastermind behind it, but some countries held North\nKorea responsible for this cyber calamity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: RHEA Group)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">16. Three consecutive attacks on Bitcoinica<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoinica is an online trading company,\nwhich was <strong>founded by Zhou Tong<\/strong> in the year 2011. Tong founded it at a\nvery young age of 17. But this is not the reason for its popularity. Instead,\nthe three consecutive attacks by hackers in the web host from <strong>March-July\n2012<\/strong> made it the cynosure of the Bitcoin market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>In March 2012<\/strong>, as Bitcoinica reported, hackers exploited the vulnerability of the\nWebHost and stole nearly <strong>43,000 Bitcoins<\/strong> from the company. Tong barely\nknew that it was going to be a heavy cross to bear.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company got hit by another attack, this\ntime at Rackspace, another server host merely within two months in <strong>May 2012<\/strong>.\nHackers managed to steal around <strong>18000 Bitcoins<\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another attack that proved nothing less\nthan a doom\u2019s day for Bitcoinica took place in July of the same year. Hackers\nstole around 40,000 Bitcoins this time, leaving the organization almost\nbankrupt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: CCN)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">17. The Fascinating case of QuadrigaCX<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">QuadrigaCX was an offspring of the parent\ncompany Quadriga Fintech Solutions in Canada. The company had to owe more than\n26,000 BTC after the death of the owner.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gerald Cotton, the founder, and CEO of the\ncompany, died suddenly in December 2018. The company owes CA$250 million to its\ncustomers. It was impossible to acquire the amount because it was only Gerald\nwho knew the passwords and other credentials of the cold wallet, and he was no\nmore a part of this world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When Ernst and Young monitored and audited,\nthey dropped a bombshell by exposing that there were only 100 BTC in the\nwallets and not a single penny more. Five cold wallets were reported empty since\nApril 2018.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is still a mystery where the firm\ninvested all the money of its clients because the monitoring firm, by any means,\ncould not manage to acquire any documented evidence of any investment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some customers accuse Cotton of faking his\ndeath and believe he is still alive, however his widowed wife, as claimed, has\nall the required documents including the death certificate, which was issued by\na local municipality of Jaipur, in India where Cotton took his last breath.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Economic Times)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">18.\nStory of The First Licensed Cryptocurrency Exchange of Europe<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018Bitstamp\u2019 holds the tag of the first\nlicensed cryptocurrency exchange of Europe. The company grabbed the attention\nfor another reason too. In 2015, the company was hit by an attack through a\nmalicious file that was sent to the internal mail of the employees of the organizations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One of the employees followed the link that\ngave hackers access to the wallets. It allowed the hackers to steal Bitcoins\namounting to around $5,000,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The attack took place on the 4<sup>th<\/sup>\nof January, and it almost ruined the wallets. Though the attack was assumed to\nenter on December 29<sup>th<\/sup>, 2014, but it was reported late after five\ndays.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Bitstamp team readily took a defensive\ndecision. The company rebuilt its entire online trading platform. However, it\nwas an exorbitant rampart, but the company found it necessary to prevent\nfurther loss and to restore the confidence of customers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Hacker Noon)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">19.\nThe Number Flow Error<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">In August 2010, Jeff Garzik, a Bitcoin\ndeveloper, noticed a block that contained 92 Billion Bitcoins. It was not only\na colossal number but also larger than the expected total numbers of Bitcoins in\nthe world ever. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Garzik soon realized the attack by some\nunknown scammer who used a number flow bug. These kinds of bugs increase the\nnumber after a certain amount. It confuses the user and any tries of fixing the\nbug open the gate of theft or loss. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wladimir Van Der Laan, the lead developer\nof Bitcoin, called it the worst problem ever.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Coin Desk)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">20. The Eternal Loss of many Bitcoins<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Seeing all the above cases might make some\npeople crazy, but the bigger blunder is yet to be released.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a survey conducted by Chain-analysis in\n2017, nearly 3.79 million of Bitcoins are down the drain already. This was\nabout 23% of net bitcoins, with the lowest assumption of lost BTC at 2.78\nMillion, i.e., ~17%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This accounts for about 32 billion BTC lost\nforever. There are about 18 million bitcoins in circulation today. However, the\nrarity of this currency is going to give rise to its value as well as encourage\nother forms of cryptocurrency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Fortune)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">21. Hackers Stole whopping $32 Million worth Bitcoin in a\nrecent incident<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">With evolving technologies, the rise of\nmalicious hackers is also apparent. Bitcoin isn\u2019t immune to such effects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a recent incident in July 2019, Japan\u2019s cryptocurrency\nexchange, Bitpoint, was struck by an attack. It stole about 3.5 billion Yen,\ni.e., about $32 million worth BTC.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These funds were filched from a cold\nwallet, which possessed other cryptocurrencies also. They immediately suspended\nthe services once they knew of the loss. Prior to this, Japan\u2019s crypto\noperators warned them to take drastic measures due to a similar attack on\nCoinCheck in 2018.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Bloomberg)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Pioneers in The History of Bitcoins<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin has come a long way. It is no more\nmere cryptocurrency. Some countries have recognized it as an asset and a due\npayment. Its growth in increasing market value is an instance of worldwide\npopularity and utility. But as they say, Rome was not built in a day. Here is\nthe list of some firsts in the history of Bitcoin, which you should know.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">22.\nThe First Bitcoin Transaction<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The history recorded the first transaction\nof Bitcoin back <strong>on 12 January 2012<\/strong>. <strong>Satoshi Nakamoto<\/strong>, the founder\nof Bitcoin, sent 10 Bitcoins <strong>to Hel Finney<\/strong> on this day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The prime objective of this transaction was\nto check and know the strength and efficiency of the blockchain network.\nSatoshi wanted to see the working of the network, to make any required changes\nimproving its functioning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: News Bitcoin)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">23.\nThe First Bitcoin Purchase<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The first transaction or say a deal that\nwas completed by using Bitcoins was a <strong>pizza purchase<\/strong>. Yes! You\nrecognized it right. It is the same purchase, which is commemorated every year\nas Bitcoin Pizza day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>On 22 May 2010<\/strong>, a Hungarian developer \u2018Laszlo Hanyecz\u2019 bought two large pizzas for\n10,000 Bitcoins. It was the first recorded purchase by Bitcoins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is a momentous day in the history of\nBitcoin because, before that, no dealer accepted Bitcoins in place of the\nconventional forms of money. Looking at its value today, it also seems the\nworld\u2019s most expensive pizza ever, but there are no such records.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Ledger)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">24.\nThe First Bitcoin Exchange<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">There are several Bitcoin exchanges in the\nworld today. But it all started with a proposal <strong>by dwdollar<\/strong> on a Bitcoin\ntalk Forum on 15 January 2010, where he told about his plan of building an\nexchange where Bitcoin would be a commodity and people would exchange them to\ndollars.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He named the platform<strong> Bitcoinmarket.com<\/strong>.\nThis website came into action merely within three months of the proposal <strong>on\n17<sup>th<\/sup> March 2010<\/strong>. Since it was a primary initiative, therefore,\nit was not defensive enough against its scammers. On June 4, 2011, PayPal, the\nonly exchange medium of the platform, removed itself from it. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoinmarket.com was not only the first\nexchange of Bitcoins, but also it was the first exchange opened for any cryptocurrency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: News Bitcoin)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">25.\nThe First Organization to\nAccept Bitcoins<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The list of companies or organizations that\naccept Bitcoins as a legitimate payment is very long today. Naturally, there\nwas a time when there were no names on this list. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first name on this list was of <strong>Wikimedia\nFoundation<\/strong>. It was the first-ever organization of any kind to recognize Bitcoin\nas an exchange medium and provided it the status of a commodity. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wikimedia is a charitable organization\nwhich is headquartered in San Francisco, California. The non-profitable\norganization started to take donations through Bitcoins <strong>on July 30, 2014<\/strong>.\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Today, several companies accept Bitcoin.\nSome of them also hold the tag of being among the largest companies in the\nworld. Some noteworthy names in this list include Microsoft, Wikipedia, KFC,\nExpedia, overstock, Namecheap, Newegg, 4Chan, and many more. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PayPal, the company that once removed itself\nfrom the first Bitcoin exchange platform in 2011, also accepts Bitcoins as a\nmedium of exchange.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: 99 Bitcoins)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">26.\nThe First Bitcoin Theft<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The first theft of Bitcoins was reported on\nJune 13, 2011. On this day, Allinvain, a Bitcoin user, suddenly posted about\nthe hack. The hack, as the user claims, entered his slush\u2019s pool account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The user faced a loss of about 25000 BTC.\nAt that time, it was equal to around $480,000. The investigators also claimed\nthat the hacker tried to pay the Bitcoin with Mt. Gox in exchange for some cash\nor money.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No documented records claiming restore of\ntheft amount are available. It was the incident when almost all the forum users\nadvised the world to keep the Bitcoins in different wallets instead of holding\nthem collectively in a single one.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Bitcoin experts also believe that\nullage of the defensive technologies at that time was also one of the reasons for\nthe theft. The availability of technologies like SIM swapping today has reduced\nthe risk of any such incident. Also, the fact of such Bitcoin thefts still\noccurring cannot be overlooked.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: News Bitcoin)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">27.\nThe First Version of Bitcoin<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">There are around 60 versions of Bitcoins\navailable today. The history of these versions marks its beginning back in <strong>2009<\/strong>\nwhen Satoshi Nakamoto released <strong>Bitcoin version 0.1 on January 9<\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This version of Bitcoin was supported only\nby Windows and not by other operating systems. Naturally, confining it to only\na single operating system was not going to work. Also, many users reported\nseveral bugs in the version. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To fix these bugs, several other versions\nwere created. However, they do not acquire a place in the list of Bitcoin\nversions and are merely called the bug fixing versions. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the same year, on December 16, a new\nversion called <strong>Bitcoin 0.2<\/strong> was introduced. It was <strong>the first version\nthat supported multi-core mining. <\/strong>Many new versions were created after that.\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the time of writing the article, the\nmost recent version available is 0.18.1, which was released on August 9, 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Bitcoin News)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bizarre Facts About Bitcoin<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Some facts of anything can be so strange\nthat they can shake your mind upside down. If you think you know everything\nabout Bitcoin, then you are wrong. Here are some unusual but exciting facts\nthat you do not about the world\u2019s most popular cryptocurrency. Some of them would\nswirl your mind. Let us see what they are.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">28.\nThe Bitcoin Mascot<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">It would sound interesting that there is a\ndilemma regarding the mascot of the Bitcoin. Many believe that <strong>Honeybadger<\/strong>\nis the mascot of Bitcoin. It is a mammal that is found mostly in Africa and\nSouthwest Asia.&nbsp; <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is believed so because the mammal is a\nstrong creature that can survive the attacks of even the poisonous snakes.\nBitcoin is still enduring the same way after many ups and downs in the market.\nThe determination of survival in Bitcoin resembles the animal and so the\nbelief.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But in a Bitcoin forum of April 2011, <strong>\u2018Alpaca<\/strong>,\u2019\na sheep resembling mammal was proposed to make it the mascot of Bitcoin by\nsubmitting its drawing. The wool of the animal is used to make socks, which\nwere among the first few commodities that could be purchased against Bitcoins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The proposal was drafted with the view of\ncommemorating one of the few first purchases, which was not accepted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Therefore, officially, there is no mascot\nof Bitcoin to date. Honey Badger and Alpaca are the only two participants in\nthe race. The competition might get tougher if other participants join the\nrace.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Coin Desk)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">29.\nThe Carnivorous Feast \u2018MeatUp\u2019<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Yes! You\u2019ve read it correctly. MeatUp is a\nconference where some prominent Bitcoiners meet up to MeatUp. It is <strong>a\ncarnivore feast<\/strong> where almost every guest consumes only the meat or other\nnonveg dishes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No herbivore dish is available at the conference.\nSome people even quoted that you cannot work in the industry of cryptocurrency,\nor Bitcoin, for that matter, if you cannot transform yourselves in a carnivore.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The book, \u2018<strong>The Bitcoin standard<\/strong>,\u2019 by\n<strong>Saifedean Ammous,<\/strong> also preaches carnivory, particularly among Bitcoiners.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: INC)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">30.\nBitcoin Jargons<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">A few terminologies associated with Bitcoin\nare very strange. <strong>\u2018Whale\u2019<\/strong> is a popular terminology among the Bitcoiners.\nWhale, in Bitcoin, refers to a person who owns many Bitcoins. It is also used\nin video games to depict the wealthy folks who buy expensive packs in video\ngames.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Probably, being the largest mammal on the\nearth is the reason for selecting this term. It indicates directly to something\nmammoth or occupying a remarkable space.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>FUD<\/strong> is\nanother terminology associated with the Bitcoin. It is an abbreviated form\ncreated with the help of initial letters of the words <strong>F<\/strong>ear, <strong>U<\/strong>ncertainty,\nand <strong>D<\/strong>oubt. FUD is used when there is some uncertainty regarding the\ninvestment, pricing, or any other issues in the Bitcoin market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: CNBC)<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.ebool.com\/hub\/wp-content\/uploads\/2019\/11\/Bitcoin.jpg\" alt=\"\" class=\"wp-image-280\"\/><\/figure><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">31.\nThe Bizarre Naming Scheme<strong> <\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The Bitcoiners might be aware of the word <strong>\u2018HODL,\u2019<\/strong>\nwhich is an abbreviation of <strong>H<\/strong>old <strong>O<\/strong>n for <strong>D<\/strong>ear <strong>L<\/strong>ife. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It was a mistake<strong>. \u2018GameKyuubi,\u2019<\/strong> who\nis credited with finding this word says, that he misspelled the word \u2018Hold.\u2019\nAfterward, he associated the newly invented word with inexperienced traders in\nthe Bitcoin market. Till then, it became a trending word among the Bitcoiners,\nand they started using it widely.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Later, in the year 2013, it was made a part\nof the English language; thus, providing a new word to its vocabulary.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Hacker noon, CNBC)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">32.\nThe Bitcoin Gone Once Has Gone Forever <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">If you accidentally send some Bitcoins to\nsomeone, you cannot recover it. Yes! Before you land in the Bitcoin market,\nknow that you cannot undo a Bitcoin transaction. Once you send some Bitcoin to\nsomeone, the transaction cannot be recovered by any means, unless the recipient\nsends it back to you.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To understand this, you need to understand\nthe technical and internal working of the Bitcoin network, which is designed in\na way that, once initiated, you cannot cancel the transaction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Blockchain Blog)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">33.\nRest in Peace, Bitcoin!<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">You live every day, but you die once.\nApology! We don\u2019t remember who said that. But whoever it is, has never used a\nBitcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin has died 377 times at the time of\nthe writing. The number may increase in the future. Yes! 377 times the world\npublished Bitcoin obituaries in different ways. 377 times different people\nwarned the world about the discourse of Bitcoins. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The most recent obituary was reported on September\n24, 2019, when \u2018Portfolio wealth global\u2019 stated about the disappearance of\nBitcoins after a video of Jim Rogers, a business and a financial commentator,\nwas released where he was talking about the economic collapse. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin has been declared dead many times\nsince 2010, with a minimum number of 1 obituary to a maximum of 93 last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: 99 Bitcoins)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">34.\nBitcoin has 430 children <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin has a family. Yes, it has about 430\nchildren. These are called <strong>Altcoins<\/strong>. Altcoins are the alternative\ncryptocurrencies that you use in place of Bitcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Or, more precisely, these are the cryptos that\nare generated from the first cryptocurrency. The above definition does not suit\nevery crypto expert because it places other prominent cryptocurrencies like <strong>Ethereum<\/strong>\nin the list.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Except for the Bitcoin, some people refer\nto all other cryptocurrencies as altcoins. Altcoins may differ in functions,\nplatforms, or even the purpose for which they are used. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since Bitcoin opened the doors of the crypto\nmarket to let other cryptocurrencies enter it, it is not wrong to say that Bitcoin\nis the head of the family of cryptocurrencies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Medium, Crypto Briefing)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">35.\nIs Bitcoin a Ponzi Scheme? <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Some people consider Bitcoin as a Ponzi\nscheme. A Ponzi or pyramid scheme is a way of enhancing business by adding\npeople and convincing them to add more people further.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Though some people consider it a myth, some\nstill believe that Bitcoin is a Ponzi scheme. There are no documented shreds of\nevidence of either of them. But it is indeed bizarre to know that one of the\nmost popular cryptocurrencies also holds the tag of being a pyramid scheme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Medium.com) <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">36.\nThe Bitcoin Ransom<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Paying ransom to get someone free from\nkidnappers is familiar, but paying it through Bitcoins is unheard of.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In December 2017, a Bitcoin analyst named\nPavel Lerner was kidnapped in Ukraine. The kidnappers set him free in exchange for\n<strong>$1 million in Bitcoins<\/strong>. Yes! Bitcoins worth $1 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Naturally, it was a considerable\namount.&nbsp; The person who paid the ransom\nis unknown to date. Lerner is a Blockchain expert, no offense, but maybe it was\nthe reason the kidnappers asked for a ransom in Bitcoins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Reuters)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">37.\nI\u2019m James Grant<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">In October 2013, Rogers Data Centre of\nCanada received a message through a chat that read, \u2018I\u2019m James Grant, owner of\nCanadian Bitcoins and what happened after that became the history. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After a few more messages, the fake James\nmanaged to convince him to provide him access to the company\u2019s server.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As soon as he acquired it, he robbed Bitcoins\nworth $100,000 then.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: CCN)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">38.\nFaux Pas of The US Government <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">In the auction of the US Silk Road, Bitcoin\nwas already going to be historical, but a blunder made its way before it took\nplace. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The US government sent an email to all the\nparticipants but did not use BCC. Thus, it allowed every recipient to see all\nthe other emails to which they sent the mail. A scammer mailed a few of the would-be\nparticipants by faking himself as a journalist.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sam Lee, too, was target by the fake\njournalist and proved to be a productive target. He followed the link, which\nwas supposed to be a list of interview questions and faced a loss of 100 Bitcoins.\nThe scam was quite dramatic and made Bitcoins infamous for one more reason.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Coin Desk)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">39. Bitcoin can even Deliver Babies<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Well, we know Bitcoin has many children,\naka other crypto-currencies, but do you know that there is a real-life\nBitcoin-Baby!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, in late 2012, a couple rushed to a hospital\nfor upcoming newbie. Initially, the parents weren\u2019t ready for cryptocurrency\ntransactions, but a lucrative offer from Dr Lee with 50% discount on Bitcoin\npayment lured them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thus, came the first baby born with\ncryptocurrency transactions. Later on, many more offers went to this doctor for\nsuch transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: The Telegraph)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">40. FBI! Hands in the Air, or Say Hand me your Pocket!<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Are we in trouble or something? Well, you actually\ncan if you are running illegal trade with Bitcoin or any other currencies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The case of Silk Road is known to the entire\nworld. We won\u2019t be elaborating it here. The thrilling fact here is when\nprotector converts to an exploiter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After the incident of catching Ross\nUlbricht, Silk Road Founder, Agent Carl Force stressed this golden goose and\ntried milking him. He opened a Bitstamp account and made Ulbricht pay 1200 BTC.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Similar to this, agent Shaun Bridges,\nanother agent working on the same case too siphoned Bitcoins, unaware of his colleague\u2019s\nacts. Both of them were caught later on in an investigation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: ARS Technica)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">41. Bitcoin Tax Theft? You\u2019ll still be caught one day!<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">As we know, cryptocurrency thefts have been\nprevalent since day 1 of its emergence. Bitcoin also has seen many such thefts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But, one of the common thefts with Bitcoin\nis tax cheats. Due to its anonymity, it is difficult to track full profits\/losses\nin Bitcoins. But still, IRS has come up with some plan to reveal such thefts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They\u2019ve now partnered with a crypto\nexchange named Chainanalysis. The company claims to have info on about 25%\nBitcoin addresses, accounting for about 50% transaction of all BTC activity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2015, about 802 people declared\nprofit\/loss from this currency. Maybe with evolving encryption methods and\nanonymity, it will become a hair-pulling task to figure out such tax thefts in\ncryptocurrencies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Fortune)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Some To-Know Facts About Bitcoin<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you aim at becoming a Bitcoin expert\nbefore you enter it, here are some more facts and a few plans of the world\nregarding the cryptocurrency that you should know. These would undoubtedly\nboost your knowledge about Bitcoin. These are some miscellaneous facts that you\nmay or may not know.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">42.\nBitcoin Maths <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">There has been some sort of mathematics\nbehind the Bitcoin or the way it functions. The cryptography behind the Bitcoin\nis based on a curve called an <strong>Elliptic curve<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The algebraic equation of the curve is <strong>y<sup>2<\/sup>=x<sup>3<\/sup>+7<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cryptographically, the Bitcoin system uses the\nElliptic curve\u2019s digital signature algorithm to protect the keys and keep a\nwatch on transactions. The elliptic curve is sometimes called the heart of the\nBitcoin protocol.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: ICO Watch)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">43.\nThe Physical Equivalent of Bitcoin <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">It would interest you to know that Bitcoin\nis not purely digital. It means that you can have a Bitcoin physically. There\nis a physical equivalent of the Bitcoin, which is called <strong>Casascius<\/strong>. Mike\nCaldwell, from the US, introduced these coins in 2011.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These coins are generally yellow, and the\nhologram over them hides the private key. Caldwell only provides you these\ncoins in exchange for Bitcoins. Few more online platforms offer you Casascius\nthrough different payment modes other than Bitcoins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Medium.com)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">44.\nBitcoins Are Pseudonymous<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">By saying that Bitcoins are pseudonymous,\nwe mean that you cannot acquire any physical world identity of a person through\nBitcoin address.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Bitcoin address is a virtual address\ngenerated by Blockchain during the time of transaction and is not a physical\nidentity; thus, you cannot identify the sender or the receiver merely using\nthis virtual identity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Block Geeks)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">45.\nYou Do Not Require Any Permission to Use Bitcoins <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Since Bitcoins are a digital form of money,\nmany of you might be thinking about the authority or control over them. But\ncontrary to your assumptions, you do not require any permission from any\norganization or individual to use them. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You merely require installing an\napplication for Bitcoins, and then you can make any legitimate transactions\nthrough it. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, of course, you need to buy Bitcoins\nfrom the specified organizations or place; but transactions are free\/uncontrolled,\njust like the way you are free to spend the cash you have in your pockets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Block Geeks)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">46.\nBitcoin and its related Crimes<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Criminal associations are common these\ndays. Though different cryptocurrencies are used for illegal or criminal\ntransactions, the most popular andpreferred cryptocurrency is Bitcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These crimes are undertaken through a\nransomware attack on multiple computers simultaneously by merely asking for a\nransom in the form of cryptocurrency, as we saw in Lerner\u2019s case; or even old-fashioned\nextortions, robbery, etc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Experts recognize many reasons for it, one\nof them is unawareness about the cryptocurrency among ordinary people.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin accounts for over 95% of the crimes\ninvolved in cryptocurrency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Bitcoin Magazine, Fortune)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">47.\nThe Bitcoin Millionaires <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Do you know that only 1000 people in the\nworld own 40% of the Bitcoins? Among those 1000, some are there on our list of Bitcoin\nmillionaires. Here is a list consists of the top five millionaires in the\nworld.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Barry Silbert<\/strong> (Digital Currency Group)<\/li><li><strong>Blythe Masters<\/strong> (CEO of Digital Asset\nHoldings)<\/li><li><strong>Dan Morehead<\/strong> (Panthera Capital)<\/li><li><strong>Tyler and Cameron Winklevoss<\/strong> (Gemini exchange for Cryptocurrencies)<\/li><li><strong>Michael Novogratz<\/strong> (Fortress Investment Group)<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The list we created is according to the\ndata that is available at the time of writing this article. Crypto-market is\nvariable. There is a possibility of a few changes in the list depending upon\nthe time at which you read the article. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Investopedia)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">48.\nTop 10 Leading Cities in Bitcoin Adoption <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin adoption depends on several factors\napart from just number of bitcoin users or merchants. Populous size or say\nnumber of users per region are primary factors in this calculation. It is very\ndifferent from simple Bitcoin <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">San Francisco tops this list with highest\nper capita BTC merchants and 29 bitcoin ATMs, A. CoinBase, the most prominent\nstart-up in the crypto market, is in this city.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is followed by Vancouver, Canada, with\n86 BTC merchants and 48 ATMs. It had opened the world\u2019s first bitcoin ATM and\neven hosted Quadriga CX Bitcoin Exchange.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With around 74 merchants, the capital city\nof Netherlands, Amsterdam holds the third position in the list of Bitcoin\nadoption. Ljubljana, Slovenia, has 51 merchants that recognized Bitcoins as a\nmedium of payment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Apart from being the vegan hub of Israel,\nTel Aviv also holds the tag of having 58 Bitcoin merchants. Zurich,\nSwitzerland, has 64 Bitcoin-accepting merchants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tampa, another city of the US, has 93\nBitcoin merchants. This city of Buenos Aires, Argentina, has 130 Bitcoin\nmerchants residing in it. This South American country warmly welcomes Bitcoins\nand a few more cryptocurrencies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">New York, USA, is the home of 122 Bitcoin\nmerchants, with 177 bitcoin ATMs. The 10<sup>th<\/sup> position here is of\nLondon, UK, with 88 merchants and 74 bitcoin ATMs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Investopedia)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">49. Bitcoins\u2019 energy sources have the potential to Power a\nSmall Country<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Well, as we have seen that bitcoin uses\nsuperfluous hardware, and its network surpasses even the biggest supercomputers.\nA new query arises, though.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How much power is consumed in Bitcoin\ngeneration? Well, in simple words, it can easily carry the power load of\nSwitzerland. Mind-boggling, isn\u2019t it?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a survey of an online tool from\nCambridge Bitcoin Electricity Consumption Index (CBECI), it consumes 7 gigawatts\nof power globally. Over the course of a year, it rounds to about 64 terawatts\nof power.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This surpasses power consumption of Swiss\nat 58 TWh, but lesser than Columbia at 68 TWh per year. All these accounts to\nabout 0.25% of the world\u2019s electric energy consumption.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, other technologies like Ethereum are\ntrying their best to come up with new solutions, more efficient and power\nsaving too.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Verge)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">50. Bitcoin, the Currency of Fortune or of Carbon?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Now that we know how much energy\nconsumption Bitcoin has, it will be much trilling to find how it affects the environment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Just like its energy consumption, Bitcoin\u2019s\ncarbon footprint is no less. Combined research from TUM, Germany and MIT, USA\nlead to the assertion that Bitcoin\u2019s carbon footprint is equal to Las Vegas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per this report, the Bitcoin Network was\nresponsible for 22-22.9 million tons of CO2\/year. An estimate of about 217 Kg\nCO2 for each transaction was found. This is whooping big and competes with a\nsmall developing nation like Sri Lanka.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Fortune)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Data Source Links<\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li><a href=\"https:\/\/www.buybitcoinworldwide.com\/exchanges\/\">Buy Bitcoin Worldwide<\/a><\/li><li><a href=\"https:\/\/www.investopedia.com\/insights\/worlds-top-economies\/\">Investopedia Top Economies<\/a><\/li><li><a href=\"https:\/\/medium.com\/grabityio\/the-founder-of-bitcoin-who-is-satoshi-nakamoto-113ffdbe4949\">Medium<\/a><\/li><li><a href=\"https:\/\/qz.com\/1285209\/bitcoin-pizza-day-2018-eight-years-ago-someone-bought-two-pizzas-with-bitcoins-now-worth-82-million\/\">QZ<\/a><\/li><li><a href=\"https:\/\/www.finextra.com\/blogposting\/17724\/some-boring-facts-about-bitcoin-and-why-you-should-remember-them\">FineExtra<\/a><\/li><li><a href=\"https:\/\/www.forbes.com\/pictures\/efei45mhdf\/think-of-bitcoin-as-a-commodity-not-a-currency\/#6d69616c1664\">Forbes<\/a><\/li><li><a href=\"https:\/\/blog.blockchain.com\/2016\/07\/01\/breaking-it-down-bitcoin-units-of-measurement\/\">Blockchain<\/a><\/li><li><a href=\"https:\/\/www.investopedia.com\/tech\/what-happens-bitcoin-after-21-million-mined\/\">Investopedia<\/a><\/li><li><a href=\"https:\/\/bitnovosti.com\/2017\/04\/21\/six-things-about-the-private-keys\/\">Bitnovotsi<\/a><\/li><li><a href=\"https:\/\/www.fool.com\/investing\/2017\/12\/03\/6-countries-where-bitcoin-is-banned.aspx\">Fool.com<\/a><\/li><li><a href=\"https:\/\/qz.com\/84056\/the-bitcoin-network-is-now-more-powerful-than-the-top-500-supercomputers-combined\/\">Quartz<\/a><\/li><li><a href=\"https:\/\/www.thebalance.com\/bitcoins-in-space-391255\">The Balance<\/a><\/li><li><a href=\"https:\/\/wall-street.com\/an-untraceable-currency-bitcoin-privacy-concerns-2\/\">Wall Street<\/a><\/li><li><a href=\"https:\/\/www.cnbc.com\/2017\/12\/20\/man-lost-127-million-worth-of-bitcoins-and-city-wont-let-him-look.html\">CNBC<\/a><\/li><li><a href=\"https:\/\/www.rheagroup.com\/news\/wannacry-ransomware-attack-how-it-spread-and-how-it-could-be-avoided\">Rhea<\/a><\/li><li><a href=\"https:\/\/www.ccn.com\/bitcoinica-founder-zhou-tong-explaining\/\">CCN<\/a><\/li><li><a href=\"https:\/\/economictimes.indiatimes.com\/small-biz\/startups\/newsbuzz\/from-fraud-to-fintech-quadriga-co-founders-past-crimes-emerge\/articleshow\/68491592.cms?from=mdr\">Economic Times<\/a><\/li><li><a href=\"https:\/\/hackernoon.com\/a-huge-list-of-cryptocurrency-thefts-16d6bf246389\">Hacker noon<\/a><\/li><li><a href=\"https:\/\/www.coindesk.com\/9-biggest-screwups-bitcoin-history\">CoinDesk<\/a><\/li><li><a href=\"https:\/\/fortune.com\/2017\/11\/25\/lost-bitcoins\/?source=post_page33023a576bf1\">Fortune<\/a><\/li><li><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-07-12\/japan-s-bitpoint-loses-32m-in-lastest-crypto-exchange-hack\">Bloomberg<\/a><\/li><li><a href=\"https:\/\/news.bitcoin.com\/eight-historic-bitcoin-transactions\/\">News. Bitcoin<\/a><\/li><li><a href=\"https:\/\/www.ledger.com\/how-it-all-began-a-brief-history-of-bitcoin-cryptocurrencies\/\">Ledger<\/a><\/li><li><a href=\"https:\/\/news.bitcoin.com\/bitcoin-history-part-6-the-first-bitcoin-exchange\/\">News. Bitcoin<\/a><\/li><li><a href=\"https:\/\/99bitcoins.com\/bitcoin\/who-accepts\/\">99Bitcoins<\/a><\/li><li><a href=\"https:\/\/news.bitcoin.com\/bitcoin-history-part-7-the-first-major-hack\/\">News. Bitcoin<\/a><\/li><li><a href=\"https:\/\/news.bitcoin.com\/bitcoin-history-part-6-the-first-bitcoin-exchange\/\">News. Bitcoin<\/a><\/li><li><a href=\"https:\/\/www.coindesk.com\/alpacas-the-unofficial-mascot-of-bitcoin\">CoinDesk<\/a><\/li><li><a href=\"https:\/\/www.inc.com\/sonya-mann\/bitcoin-carnivores.html\">INC<\/a><\/li><li><a href=\"https:\/\/www.cnbc.com\/2018\/01\/23\/what-hodl-whale-and-other-cryptocurrency-slang-terms-mean.html\">CNBC<\/a><\/li><li><a href=\"https:\/\/www.cnbc.com\/2018\/01\/23\/what-hodl-whale-and-other-cryptocurrency-slang-terms-mean.html\">CNBC<\/a>, <a href=\"https:\/\/hackernoon.com\/whats-the-backstory-on-the-word-hodl-27756392b698\">Hacker Noon<\/a><\/li><li><a href=\"https:\/\/blog.blockchain.com\/2016\/06\/16\/support-team-tips-bitcoin-transactions-and-chargebacks\/\">Blockchain Blog<\/a><\/li><li><a href=\"https:\/\/99bitcoins.com\/bitcoin-obituaries\/\">99Bitcoins<\/a><\/li><li><a href=\"file:\/\/\/Users\/manish\/Dropbox\/Docs%204%20(Hardik)\/Research%20Articles\/Updated%20Articles\/Map%20Of%20Coins%20\">Map Of Coins <\/a>\u00a0<a href=\"https:\/\/medium.com\/@altcoinfantasy\/dummys-guide-to-altcoins-what-is-an-altcoin-3bf615c16df\">Medium<\/a> <a href=\"https:\/\/cryptobriefing.com\/sfox-ethereum-altcoin\/\">Crypto Briefing<\/a><\/li><li>\u00a0<a href=\"https:\/\/medium.com\/@melis.io\/debunking-crypto-myths-bitcoin-is-a-ponzi-scheme-653f2270f448\">Medium<\/a><\/li><li><a href=\"https:\/\/www.reuters.com\/article\/us-ukraine-kidnapping\/ukraine-kidnappers-free-bitcoin-analyst-after-1-mln-ransom-paid-idUSKBN1EN1QB\">Reuters<\/a><\/li><li><a href=\"https:\/\/www.ccn.com\/support-worker-gets-bitcoin-exchange-hacked\/\">CCN<\/a><\/li><li><a href=\"https:\/\/www.coindesk.com\/phishing-scam-targets-us-marshals-service-bitcoin-auction-list\">CoinDesk<\/a><\/li><li><a href=\"https:\/\/www.telegraph.co.uk\/technology\/internet\/10112717\/First-Bitcoin-baby-is-a-girl-born-last-year.html\">The Telegraph<\/a><\/li><li><a href=\"https:\/\/arstechnica.com\/tech-policy\/2016\/08\/stealing-bitcoins-with-badges-how-silk-roads-dirty-cops-got-caught\/\">Ars Technica<\/a><\/li><li><a href=\"https:\/\/fortune.com\/2017\/08\/22\/irs-tax-cheats-bitcoin-chainalysis\/\">The Fortune<\/a><\/li><li><a href=\"https:\/\/icowatchlist.com\/blog\/simplified-maths-behind-bitcoin-non-maths-lover\/\">ICOWatchList<\/a><\/li><li><a href=\"https:\/\/medium.com\/@melis.io\/debunking-crypto-myths-bitcoin-is-a-ponzi-scheme-653f2270f448\">Medium<\/a><\/li><li><a href=\"https:\/\/blockgeeks.com\/guides\/what-is-bitcoin\/\">BlockGeeks<\/a><\/li><li><a href=\"https:\/\/blockgeeks.com\/guides\/what-is-bitcoin\/\">BlockGeeks<\/a> <\/li><li><a href=\"https:\/\/bitcoinmagazine.com\/articles\/bitcoin-still-preferred-cryptocurrency-cybercriminals-report\">Bitcoin Magazine<\/a>  &#8212; <a href=\"https:\/\/fortune.com\/2019\/04\/24\/bitcoin-cryptocurrency-crime\/\">Fortune<\/a><\/li><li><a href=\"https:\/\/www.investopedia.com\/articles\/people\/083016\/who-are-top-5-bitcoin-millionaires.asp\">Investopedia<\/a><\/li><li><a href=\"https:\/\/www.investopedia.com\/articles\/forex\/042415\/10-cities-leading-bitcoin-adoption.asp\">Investopedia<\/a><\/li><li><a href=\"https:\/\/www.theverge.com\/2019\/7\/4\/20682109\/bitcoin-energy-consumption-annual-calculation-cambridge-index-cbeci-country-comparison\">The Verge<\/a><\/li><li><a href=\"https:\/\/fortune.com\/2019\/06\/13\/bitcoin-carbon-footprint-emissions\/\">Fortune<\/a><\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The debut of Bitcoin opened the gates of the world market for Cryptocurrency. From being the first cryptocurrency to the world\u2019s most popular one,&hellip;<\/p>\n","protected":false},"author":2,"featured_media":280,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin - 50 Statistics and Facts - eBoolHub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin - 50 Statistics and Facts - eBoolHub\" \/>\n<meta property=\"og:description\" content=\"The debut of Bitcoin opened the gates of the world market for Cryptocurrency. From being the first cryptocurrency to the world\u2019s most popular one,&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/\" \/>\n<meta property=\"og:site_name\" content=\"eBoolHub\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-29T05:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-12T12:45:21+00:00\" \/>\n<meta name=\"author\" content=\"DanielMc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"DanielMc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"32 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/\"},\"author\":{\"name\":\"DanielMc\",\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/#\\\/schema\\\/person\\\/e47737ae764748123031d02c420450de\"},\"headline\":\"Bitcoin &#8211; 50 Statistics and Facts\",\"datePublished\":\"2019-11-29T05:06:00+00:00\",\"dateModified\":\"2025-05-12T12:45:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/\"},\"wordCount\":6497,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"General\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/\",\"url\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/\",\"name\":\"Bitcoin - 50 Statistics and Facts - eBoolHub\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2019-11-29T05:06:00+00:00\",\"dateModified\":\"2025-05-12T12:45:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/bitcoin-statistics-and-facts\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin &#8211; 50 Statistics and Facts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/#website\",\"url\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/\",\"name\":\"eBoolHub\",\"description\":\"Official Blog\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/#organization\",\"name\":\"eBoolHub\",\"url\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/wp-content\\\/uploads\\\/2025\\\/05\\\/ebool.png\",\"contentUrl\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/wp-content\\\/uploads\\\/2025\\\/05\\\/ebool.png\",\"width\":150,\"height\":42,\"caption\":\"eBoolHub\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/#\\\/schema\\\/person\\\/e47737ae764748123031d02c420450de\",\"name\":\"DanielMc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/?s=96&d=mm&r=g\",\"caption\":\"DanielMc\"},\"url\":\"https:\\\/\\\/www.ebool.com\\\/hub\\\/author\\\/danielmc\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin - 50 Statistics and Facts - eBoolHub","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin - 50 Statistics and Facts - eBoolHub","og_description":"The debut of Bitcoin opened the gates of the world market for Cryptocurrency. From being the first cryptocurrency to the world\u2019s most popular one,&hellip;","og_url":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/","og_site_name":"eBoolHub","article_published_time":"2019-11-29T05:06:00+00:00","article_modified_time":"2025-05-12T12:45:21+00:00","author":"DanielMc","twitter_card":"summary_large_image","twitter_misc":{"Written by":"DanielMc","Est. reading time":"32 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/#article","isPartOf":{"@id":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/"},"author":{"name":"DanielMc","@id":"https:\/\/www.ebool.com\/hub\/#\/schema\/person\/e47737ae764748123031d02c420450de"},"headline":"Bitcoin &#8211; 50 Statistics and Facts","datePublished":"2019-11-29T05:06:00+00:00","dateModified":"2025-05-12T12:45:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/"},"wordCount":6497,"publisher":{"@id":"https:\/\/www.ebool.com\/hub\/#organization"},"image":{"@id":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/#primaryimage"},"thumbnailUrl":"","articleSection":["General"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/","url":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/","name":"Bitcoin - 50 Statistics and Facts - eBoolHub","isPartOf":{"@id":"https:\/\/www.ebool.com\/hub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/#primaryimage"},"image":{"@id":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/#primaryimage"},"thumbnailUrl":"","datePublished":"2019-11-29T05:06:00+00:00","dateModified":"2025-05-12T12:45:21+00:00","breadcrumb":{"@id":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.ebool.com\/hub\/bitcoin-statistics-and-facts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ebool.com\/hub\/"},{"@type":"ListItem","position":2,"name":"Bitcoin &#8211; 50 Statistics and Facts"}]},{"@type":"WebSite","@id":"https:\/\/www.ebool.com\/hub\/#website","url":"https:\/\/www.ebool.com\/hub\/","name":"eBoolHub","description":"Official Blog","publisher":{"@id":"https:\/\/www.ebool.com\/hub\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ebool.com\/hub\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/www.ebool.com\/hub\/#organization","name":"eBoolHub","url":"https:\/\/www.ebool.com\/hub\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.ebool.com\/hub\/#\/schema\/logo\/image\/","url":"https:\/\/www.ebool.com\/hub\/wp-content\/uploads\/2025\/05\/ebool.png","contentUrl":"https:\/\/www.ebool.com\/hub\/wp-content\/uploads\/2025\/05\/ebool.png","width":150,"height":42,"caption":"eBoolHub"},"image":{"@id":"https:\/\/www.ebool.com\/hub\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.ebool.com\/hub\/#\/schema\/person\/e47737ae764748123031d02c420450de","name":"DanielMc","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","caption":"DanielMc"},"url":"https:\/\/www.ebool.com\/hub\/author\/danielmc\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ebool.com\/hub\/wp-json\/wp\/v2\/posts\/276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ebool.com\/hub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ebool.com\/hub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ebool.com\/hub\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ebool.com\/hub\/wp-json\/wp\/v2\/comments?post=276"}],"version-history":[{"count":1,"href":"https:\/\/www.ebool.com\/hub\/wp-json\/wp\/v2\/posts\/276\/revisions"}],"predecessor-version":[{"id":467,"href":"https:\/\/www.ebool.com\/hub\/wp-json\/wp\/v2\/posts\/276\/revisions\/467"}],"wp:attachment":[{"href":"https:\/\/www.ebool.com\/hub\/wp-json\/wp\/v2\/media?parent=276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ebool.com\/hub\/wp-json\/wp\/v2\/categories?post=276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ebool.com\/hub\/wp-json\/wp\/v2\/tags?post=276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}