What are Some Mind-Blowing Facts About Bitcoin?

Well, “mind-blowing” may be relative, but here are some facts related to Bitcoin:

  • On May 22, 2010, a developer from Florida bought two pizzas for 10,000 Bitcoins, which was around $25 at that time. A guy from the UK made the order to the developer’s home address and took the crypto-funds. Today, 10,000 would be be worth around $78 million – this could buy so many pizzas.
  • 90% of the Bitcoin addresses hold less than 0.7% (not even 1%) of all Bitcoins.
  • 2 Bitcoin addresses hold 1.65% of all Bitcoins, which are worth over $2 billion.
  • A Norwegian student bought $27 worth of Bitcoin and forgot about the transaction. After a few years, he found that his Bitcoins were worth $886,000. Man buys $27 of bitcoin, forgets about them, finds they’re now worth $886k
  • James Howells, who works in IT, created 7500 Bitcoins in 2009 without so much effort. However, he didn’t realize the importance of that wallet, and threw away the hard drive. The hard from his Dell laptop should be somewhere in the trash in a Wales landfill. 7500 Bitcoins are worth almost $60 million today.

Missing: hard drive containing Bitcoins worth £4m in Newport landfill site

  • Around 1800 Bitcoins are generated from mining every day.
  • The top 5 Bitcoin miners hold around 70% of the total hash power.
  • The last Bitcoins will be supposedly mined in 2140.
  • It seems that James Howells is not alone. Of the total Bitcoin supply of over 16 million coins, around 25% are totally lost for good and will never be used.
  • For the first time, Bitcoin reached parity with the US dollar on February 9, 2011.
  • Some experts expect Bitcoin to reach $100,000 and even go beyond. Under such conditions, the total market cap of BTC will be measured in trillions.
  • There were are 5 coins derived from Bitcoin forks: Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited, Bitcoin Cash, and Bitcoin Gold. SegWit2x was recently cancelled.

Hope this was interesting!



Leave Your Comment

Leave a Reply

Win Free Points!!
Kindly get back to your previous orientation view... your wheel is rolling there...

You have won free points
Krown Fortune Wheel Special Offer Unlocked!
You have a chance to win free Points. Are you feeling lucky? Give it a spin.
* You can spin the wheel only once per day.
* You can spin again any time by paying 50 points
* Once you pay for spin you are not able to refund it.
You must login to play mycred fortune wheel