1. Small Fractions Of Bitcoin Are Called Satoshi
Cyrptocurrencies like bitcoins can be broken down into fractions. This allows buyers to invest in 1/100 of a currency.This is an opportunity for many people to invest and gain value over time. It also presents a chance for small scale investors to participate in the cryptocurrency market.
2.Someone Paid For A Pizza Using 10,000 BTC
This is one of the unbelievable facts about cryptocurrency and specifically Bitcoin. A developer used 10,000 bitcoins to pay for 2 pizzas in 2010. That only points at how far the coin and generally the market have come. In December of 2017, that would have translated to $179,000,000. This would have been enough to buy a Picasso painting that cost that amount back in 2015. This points at growing interest in cryptocurrencies and their volatility over the years. This was 20 million dollars more than the brand value of Arsenal football club by 2017. Imagine buying a global soccer concern for only 2 pizzas in 2010.
3. There will only ever be 21 million bitcoins.
Bitcoin’s supply is finite.
There will only ever be 21 million bitcoins.
At present, 16.3 million have already been mined and are being traded. The last bitcoin will be mined in 2140. After that, no new bitcoins can be mined.
4. The FBI owns one of the world’s largest Bitcoin wallets
Bitcoin are stored in wallets. One of the largest Bitcoin wallets in the world is owned by the American intelligence department, FBI. After operations that lead to the shut down of Silk Road, assets seized from the owner estimated FBI as having $120 million worth of Bitcoin.
5.Bitcoin transactions are irreversible
If once you lost you bitcoins it can never be bought back to you and will be lost forever because there is no centre there for recovering them and bringing back to us.