Cryptocurrency is an extremely dynamic and ever-changing market. What you know about it today might not even be relevant tomorrow. It requires you to stay constantly on your feet, well-aware of all the latest trends and developments happening in this space. But if we tell you some of the most exciting, interesting, and fascinating facts about Bitcoin which you can later brag about.
Not only will this improve your knowledge of the same but will acquaint you with its super fascinating nature which perhaps you did not know about. Let us check out some of the most interesting facts about Bitcoin:
Founders, creators, or developers of Bitcoin are super-rich
Little is known about the group who created this virtual currency but what we know for sure is they are super-rich. The group of programmers who built this industry like to go around by the name Satoshi Nakamoto. It has been estimated that they have successfully mined around 980,000 BTC. So, the creator himself owned Bitcoin worth approximately $6.9 billion at that time. So, imagine the figure today not counting the additional Bitcoin they might have mined.
Bitcoin is limited in supply
If you are delaying the purchase of Bitcoin for the future, think twice because like other currencies it is also limited in supply. Whoever created Bitcoin made 21 million units of the same and they are being mined every single day. Currently, 16 million units are in circulation so the time is not far when you will hear that the currency has been completely exhausted and there will not be any new units of the same.
The first thing purchased by Bitcoin was pizza
Whoever created Bitcoin had no idea it will be used to purchase the most favourite American food. Yes, you are guessing right. The first purchase made using Bitcoin was Pizza. An American programmer traded 10,000 bitcoins for two Papa John’s Pizzas on May 22, 2010, and we still celebrate that day as the Bitcoin Pizza Day. However, little did he know that the Bitcoin valued at $41 at that time will be worth over $64 million today.
US government has one of the biggest Bitcoin holdings in its wallet
To your surprise, the US government is one of the biggest holders of Cryptocurrency in the world. While we sit back here thinking that we are dealing with Crypto to stay away from the reach of the government, the latter itself is very aggressively and intensely trading in the same space.
As per sources at one point of time, the FBI had the second-largest Bitcoin wallet after Satoshi Nakamoto. It was around the time when it sold the silk road, took to a different approach, and ended owning more than 144,000 BTC.
It is almost impossible to ban Bitcoin
Here, comes the most powerful strike by Bitcoin and that is you cannot get rid of this currency altogether. No matter how hard governments of some countries have tried to keep their citizens away from this currency there is no way through which it can be banned altogether. It cannot be put under any such restrictions if you have the internet and the money to buy Bitcoin. The maximum you can do is regulate the market and that is all.
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