Bitcoin Market Cap & Fascinating Facts About It

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I bet that everyone, who thought on buying Bitcoin some time ago and hasn’t done it, is regretting about that now. At least, I do. Its total market cap became more than $100 billion! It means that the cryptocurrency has beaten many investment banks (including Goldman Sachs group and some companies like eBay).

According to the Coin.dance stats, it has grown by more than 56% during the last month, and by 850% during the last year.
The recent Bitcoin rally could probably happen thanks to the technology split and emergence of a new Bitcoin Gold asset.

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Well, this is a quite interesting news, and I decided to celebrate this achievement by telling you the most interesting facts from the Bitcoin history… Let’s remember how it was growing and what unusual situations involving the cryptocurrency took place.

Illuminating facts about Bitcoin

  1. No one knows who is the creator of Bitcoin. Surely, people know that it is Satoshi Nakamoto, but they don’t know the person behind this name. It may be just one man or a group of like-minded people who created the world’s best-known cryptocurrency in 2008. It was 9 years ago! They say, that Nakamoto owns 1 million Bitcoins. If it’s true, he is a billionaire already. As this sum equals nearly 6 billions of dollars (5 842 106 088, if to be precise).
  2. Decentralized structure is the main feature and the greatest benefit of Bitcoin. Unlike fiat currencies, it can’t be controlled, as it’s just a series of numbers that is transferred from one computer to another. This is the heart of any cryptocurrency.
  3. This is also the cause for the opportunity of free mining of virtual coins. Still, mining requires strong and efficient hardware and great electricity costs, and nowadays it’s nearly impossible to mine Bitcoins with just one computer, as the majority of miners have supercomputers or special farms designed for getting more Bitcoins. If we could say that people get Bitcoins from the air earlier, it has become a very expensive pleasure now.
  4. The overall number of Bitcoins can’t be more than 21 million. After they reach this mark, the emission will stop. More than a half of this number was produced since 2009, and all 21 million may be got till 2140 year.
  5. We think that Bitcoins are some sort of over-secured money, however, they can be stolen! One user announced that someone stole 25K BTC from his wallet in June 2011. The Webhost company was robbed by some hackers too, they stole nearly 50K BTC in March 2012 (it was equal to $230.000 at that moment).

Amusive situations with this currency

Some time ago, it was nearly impossible to buy something for Bitcoins. So, in 2010, an American programmer Laszlo Hanyecz decided to prove that it is a quite achievable goal, so he gave to another participant of the Bitcoin Internet forum 10K BTC for delivery of 2 pizzas. Now 10K Bitcoins equals nearly to 60 million dollars, but it was just $25 at that time! It was the most expensive dinner ever!

James Howell from the UK mined 7500 BTC with his laptop in 2009 when it was easy enough. After his laptop died due to an accidental ‘lemonade shower’, he got the hard disk out to save his coins. In 2013, he accidentally (again!) thrown out the HDD with other unnecessary trash. He regretted it, as now these Bitcoins could cost $44 million. Unfortunately, he wasn’t able to find it…

6 Comment

  1. How do you think, will btc grow further?
    I still don’t know if it is worth buying… when the price is high… but it can be higher, for sure?

    1. Mohammad Hafiz says:

      I can’t tell you for sure, cause I am not Nostradamus, unfortunately 😀 But everything shows us that it is going to grow. It becomes more and more widespread in our life.

  2. Mohamad Imam says:

    Good afternoon, Hafiz!
    I was greatly surprised by such a strong growth of the market cap, and I am glad that you spread the light on such facts. Other stories were interesting to read too.
    A great material.
    Thank you for posting!
    By the way, can I subscribe to your blog to get some news to my email?

    1. Mohammad Hafiz says:

      Hello! Thank you very much for your appreciation. Yeah, I am already thinking about the creation of the subscription to the blog. It’s a good idea. So, check for updates 😉

  3. Heya i’m for the first time here. I found this board and I find It truly useful & it helped me out a lot. I hope to give something back and aid others like you helped me.

  4. Roxanne Connon says:

    There is clearly a bundle to know about this. I assume you made certain good points in features also.

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