7 Interesting Facts About Bitcoin You Need to Know

interesting facts about bitcoin

From social media to the newsroom, everyone is talking about the new digital currency Bitcoin. Bitcoin is the new cryptocurrency in the market, the financial market has a new entrance. If someone doesn’t know about the Bitcoin, then you are living in the stone-age. Why not check out these interesting facts about Bitcoin; interestingly, no one knows the name of Bitcoin creator.


List of Top 7  Interesting Facts About Bitcoin


The birth of Bitcoin

The creator of Bitcoin came up as a pseudonym Satoshi Nakamoto in the year 2008, when it was about to introduce to the world. It was officially published a proof of concept for Bitcoin to us. The proof then released as an open-source software in 2009 and published cryptocurrency mailing list in the same year. Though, Satoshi Nakamoto left the project in the year 2010, but other developers picked up the work. Nakamoto mined the first 50 units of the currency on January 3rd, considered as the birth date of Bitcoin.


The mysterious creator

The creator of Bitcoin came as a pseudo name Satoshi Nakamoto, and it is one of the biggest mystery ever. There has been numerous speculation about the creator, in fact, Newsweek once claimed that they have found the creator in 2014. The Newsweek team found  Dorian Satoshi Nakamoto in the Temple City, California; interestingly, he denied all such claims as there was no proof of the same. Again, in the year 2015, Craig Wright claimed that he was the creator of bitcoin. Craig was an Australian entrepreneur and computer scientist. Though, he couldn’t be able to provide any proof to claim, which has been denied at first instant due to lack of evidence.


93000050.00 USD for pizza

After the introduction of Bitcoin in the year 2008, the first transaction happened using Bitcoins was in the year 2010. When a programmer named as Laszlo Hanyecz claimed that he has successfully traded 10,000 bitcoins for pizza. Isn’t that over-expensive pizza? Yup, it is currently equal to 93000050.00 USD, too much for a pizza.


You can spend bitcoins

Bitcoin or cryptocurrency can be spread or use for trading, this is a real currency. It is acceptable at Overstock.com, Expedia, Newegg and Dish.


A mountain-sized setback

Bitcoin experienced a huge setback in the year 2014 when the alleged hacking of Mt. Gox at a Japanese exchange occurred. This was the biggest loss of cryptocurrency, $460 million of Bitcoin were stolen. It raised the concern over security and regularity of Bitcoin as a currency.


The billionaires’ opinion

The billionaires have a negative take on Bitcoin, they had this belief that a currency came out of thin air is not going to sustain. In fact, this will create an imbalance in the financial scenario. Though, not all major players are against of Bitcoin, yet some support it.


Bitcoin billionaire twins and a smart teen

The initial investment in Bitcoin was not just on the higher risk, but on the higher returns too. You can see it when the twin investors Cameron and Tyler Winklevoss became the billionaire when they first brought $11 million which later become $11,000 for each Bitcoin, the first official billionaire. There was a teenager investor and entrepreneur Erik Finman also brought Bitcoins worth of $1,000 at age of 14 years is now a billionaire.

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