There is no central authority or bank that can control the cryptocurrency only because it is a digital currency that is made from computer node, and based on blockchain system. When we talk about Bitcoins,they are completely different than fiat currencies.
Bitcoinsareone of the best alternatives of traditional fiat currency because government or political parties cannot control this digital currency, and you can own your coins and store them in a safe wallet. Moreover, buying goods and services using Bitcoins can also be done these days.
Interesting Facts About Bitcoins- Points To Note
Satoshi Nakamoto firstlaunched Bitcoinsin 2009, and many digital currencies came by following the same techniques of bitcoin, but no coin can beat the popularity of Bitcoins. Still now, Bitcoin is considered as the most valued and popular coins in the crypto market. Here, you can find some facts about this coin:
- Do you know that almost 20% of bitcoin has lost? According to the crypto analysis, 20% of bitcoin has been lost or stuck in the wallets, and people cannot access such coins. 20% of bitcoin means almost 3.76 million bitcoin, which worth about $190 billion. You might have a confusion that how is it possible. More than 1.1 million Bitcoinsare owned by the creators of this coin and their identity is still not disclosed. Even, Satoshi Nakamoto has a major part of this coin, which he never used or touch. Apart from that, people do not share their private keys with anyone and when they passed away; their family cannot access their coins. Plus, people lost their coins due to misplacing of their keys. So, there are several reasons behind this loss of Bitcoins.
- Recently, the United Wholesale Mortgage of the U.S has announced that they would accept the crypto like bitcoin as a payment option. Brock Pierce was the first person who mortgages his bitcoin to buy a chapel in Amsterdam. He was a child actor and he has mortgaged 3 million Bitcoinsto buy this chapel.
- 668 million Bitcoinstransactions are made from 2009. Nowadays, people are using their coins for buying goods and services, and according to a research more than 265,715 transactions are made each day with bitcoin today.
- It is a known fact that El Salvador has approved the BTC as a legal tender. Nayib Bukele, the president of the country has announced that Bitcoinsis completely legal in El Salvador but it will not replace the legal currency like US dollar in future. His government has decided to give $30 as a reward to the people, who open a digital crypto account, but the World Bank has protested and they declared that they will not help the El Salvador in future if they run such reward program because mining Bitcoinshave a huge environment impact.
- Till date, more than 18 million coins have mined. As we know that bitcoin is capped with 21 million and people cannot mine more Bitcoinsabove this capped amount. It is expected that 2.2 million Bitcoinscan be mined in future, but it will take more than 120 years because Bitcoinscan get mined halved in every 4 years.
- What was the first commercial transaction made with bitcoin? Laszlo Hanyecz made the first commercial transaction with bitcoin and he has paid 10 thousand Bitcoinsfor purchasing two pizzas in 2010. According to the today’s price, the value of ten thousand BTC would be around $500 million. People treat this story as a folklore related to Bitcoins.
When it comes to investing in Bitcoins, are risky in terms of investment. So, you must invest your funds through a secured platform like Bitcoin Era. It is a trusted platform by many investors and you can avail various facilities from this online crypto trading platform.
Final Words
Finally, when you are planning to step into Bitcoin investment, you must keep your eyes on the recent trends of crypto because you must make an informed decision while you invest your hard-earned money on a crypto currency. This way, you will be able to stay on the right track of investment.
