Cryptocurrencies are the economic revolution of our time, a change in the financial system that seems stable and secure. Therefore, these seven curiosities about Bitcoin will leave you with your mouth open.
Since they came to us about ten years ago, cryptocurrencies have brought about a change as we have never seen before in the traditional financial system. New currencies are based on block systems and without being regulated by government entities.
And, with a decade already behind it, Bitcoin has starred in some milestones and other setbacks that allow it to be a currency with as much personality as almost any other. And if not, pay attention to the seven curiosities that we bring you today:
1. About 20% of Bitcoin has been lost forever: According to the company Chainalysis, around 20% of Bitcoin has been lost or is stuck in wallets that cannot be accessed. Today that equates to 3.76 million BTC, which is about $ 190 billion.
2. There have been 668 million Bitcoin transactions: According to Blockchain.com, the total number of Bitcoin transactions since its launch in 2009 is 668 million. This figure is being updated since there are currently 265,714 daily transactions.
3. Bitcoin is legal tender in El Salvador: On September 7, it became the first country to accept Bitcoins as legal tender. President Nayib Bukele announced the move earlier this year. Bitcoin does not replace the US dollar as a form of payment in the country.
4. The last Bitcoin will be mined in 2140: Only 21 million Bitcoin can be produced. It is built into the currency code. Right now, some 18.8 million have been mined and the projection is that until 2140 they can be mined.
5. The first mortgage in Bitcoins was issued in 2019: Brock Pierce, businessman, and exactor was the first person to take a mortgage entirely based on crypto. The cryptocurrency enthusiast spent over 3 million BTC to purchase a renovated chapel in Amsterdam, the Netherlands.
6. Buying a pizza was Bitcoin’s first commercial transaction: On May 22, 2010, Laszlo Hanyecz paid 10,000 BTC for two Papa John’s pizzas, which were worth about $ 41 at the time. This was Bitcoin’s first commercial transaction and is now commemorated with Bitcoin Pizza Day every year. At current prices, those 10,000 BTC would be worth over $ 500 million.
7. There are almost 100,000 Bitcoin millionaires: According to BitInfoCharts, there are currently 98,180 wallets worth $ 1 million or more.
As you can see, these 10 years have given a lot, and more thanks to the fact that this currency, Bitcoin, is the one that has fluctuated the most in the history of humanity.