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October 12, 2017

58 Insane Facts About Bitcoin

Ever since 2009, despite some flops, the Bitcoin digital currency has been a spectacular success. Starting from 1 BTC for 0.0001 USD in June 2009, now a single BTC value is over $5000!

Having won the hearts, the minds and the wallets of the world, Bitcoin has much to tell you and amaze you with. You can go ahead and learn all that interesting information about Bitcoin in the infographic compiled by the Bitcoin experts from Bitcoin Play.

You can open a free Coinbase account to get started buying Bitcoin today and get a free $10 worth.

Now, here are a few interesting facts about Bitcoin that I bet you didn’t know:

The Million Dollar Bitcoin Pizza

On May 22, 2010, a Bitcoin holder named Laszlo Hanyecz bought two Papa John’s pizzas for 10,000 Bitcoins. Seven years later, on May 22nd of 2017, the worth of 10,000 BTC was up to 20 million.

Only if Laszlo knew how big Bitcoin was going to get in a few years! Does he regret it? No, not really! He states, “It wasn’t like Bitcoins had any value back then, so the idea of trading them for pizza was incredibly cool…”

FBI – The Owner of the World’s 1.5% Bitcoins

In September 2013, the Silk Road online drug market was clamped down by FBI. The Bureau took hold of all the 30,000 Bitcoins owned by Silk Road’s administrator, Dread Pirate Roberts. It is believed that FBI has seized another Bitcoin wallet containing 96,000 Bitcoins by the similar operation called “Sheep Marketplace.”

And…FBI is the world’s second-largest Bitcoin holder after Satoshi Nakamoto. Well, Nakamoto is the founder of Bitcoin, who is believed to have mined more than 1 million Bitcoins in 2009.

The Largest Bitcoin Transaction – “Sh*t Load of Money!”

All transactions with Bitcoin are recorded and publicly available on the blockchain. (You knew that, right?) Here is the story of the largest Bitcoin transaction ever made in the history of Bitcoin.

On November 22, 2013, a transaction was recorded on the blockchain for 194,993 Bitcoins. The value of the transaction was worth more than $147 million, according to the effective rate in November 2013. The transacted Bitcoins accounted for the 1.6% of all Bitcoins in circulation. One more thing: the transaction had a tag on it. The tag said “Sh*t Load of Money!”

Bitcoin Transaction in Outer Space

In September 2016, Bitcoin has been sent to outer space by Genesis Mining, the world’s largest Bitcoin cloud mining company.

In the UK, a weather balloon took the 3D model Bitcoin, with a paper wallet fixed on its back, into space. There is even a video of it!

When the Bitcoin reached an altitude of 20 kilometers, known as the Armstrong limit, Genesis Mining did what they were there for. The first ever Bitcoin transaction in space was made. The Bitcoin even made it to 34 kilometers and that’s when the company sent another Bitcoin into space.

The initial record of the experiment was beaten with the same flight!

But that illustrates the nature of Bitcoin – it excels and grows constantly.

Interesting Facts about Bitcoin

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About Tim Racette
Tim Racette is a day trader of 15+ years in the E-mini futures and swing trader of stocks. Mountain biker, lover of the outdoors, and explorer. Tim is an ASU Sun Devil and a Chicagoland Native now living in sunny Scottsdale, AZ.

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