Bitcoin has been around for a long time, and yet, people are still surprised whenever something about bitcoin shows up on their feeds! With all the crazy talk going around Bitcoin right now, it would be a crime not to highlight the most insane facts you may not know about the cryptocurrency. So, grab a bowl of popcorn, sit back, and get ready to have your mind blown with these 5 insane facts about Bitcoin!
1. For the Love of Pizza!
Did you know that May 22 is celebrated as Bitcoin Pizza Day? If you’re wondering what connection does Bitcoin have with one of the most famous food around the world, back in 2010 of that very day, someone traded 10,000 bitcoins for two large boxes of Pizza. Today, those bitcoins would now amount to a total amount of 100 million dollars! Those 2 boxes of Pizza must have been worth it!
2. The Mysterious Satoshi Nakamoto
Bitcoin was first introduced by someone under the pseudonym Satoshi Nakamoto. To this day, the creator of Bitcoin is still shrouded in mystery! But that hasn’t stopped people for trying to take credit for the creation of this new form of virtual currency. One of them is Craig Wright, an Australian entrepreneur who scammed people through a forked version of Bitcoin called Bitcoin Cash. The amount of money Wright was able to get out of it was enough to afford himself a Lamborghini!
3. Bitcoin DOES Have a Limit
While many of you may think that the supply of Bitcoin is endless, there is actually a limited supply of the cryptocurrency. It is said that there will only ever be 21 million bitcoins that can be mined. Currently, 16.3 million have already been mined and are being traded. It is predicted that the last bitcoin to ever be mined would be at the year 2140.
4. Starbucks for Bitcoin
Nowadays, the technological influence of Bitcoin has spread throughout numerous aspects of life! In fact, you can even buy your favorite drink from Starbucks with Bitcoin! The Starbucks app has the capability to integrate Bitcoin technology into the app, which can make buying your favorite drink as quick and easy as possible, though only on a limited basis.
5. Bitcoin is Unstoppable
That meaning that it can’t be banned! Bitcoin is known for its decentralization, meaning that no single authority owns and/or controls the cryptocurrency. This in turn poses as a threat to most banks, which leads to them trying to ban Bitcoin. Countries such as Thailand, Bolivia, and Bangladesh have tried to ban it, but the truth is, as long as you have a stable internet connection and a digital wallet, you’ll still be able to get bitcoins!
Want a more visual presentation of these facts? Feel free to check out our video of the same topic by clicking on the video below!
If these 5 facts piqued your interest, feel free to check out the Paxful Blog for more things to learn about Bitcoin! You can also check out our Facebook, Instagram, and Twitter pages for more updates about the crypto world!