LIVEBefore investing in bitcoin here are the 7 mind blowing Facts About Bitcoin you need to know
1. Around 20% of Bitcoin has been lost forever
According to crypto data firm Chainalysis, around 20% of Bitcoin has been lost or is stuck in wallets that can't be accessed. Today that equates to 3.76 million BTC (worth about $190 billion).
Some passed away and some lost their private keys
2. Brock Pierce took out the first Bitcoin mortgage in 2019
Brock Pierce, entrepreneur and former child actor of The Mighty Ducks fame, is said to be the first person to take out a fully crypto-based mortgage. The crypto enthusiast put up over 3 million BTC to buy a renovated chapel in Amsterdam.
3. Bitcoin is the first coin to pass the etf
4. There have been over 900 million Bitcoin transactions
Bitcoin Total Transactions is at a current level of 955.23M thanks to BTC ETF
4. Bitcoin is legal tender in El Salvador
On Sept. 7, El Salvador became the first country to accept Bitcoin as legal tender. President Nayib Bukele announced the controversial move at Bitcoin Miami earlier this year. Bitcoin joins, but will not replace, the U.S. dollar as a form of payment in the country.
5. The last Bitcoin will be mined in 2140.
Only 21 million Bitcoin can ever be produced. It's built into the coin's code or DNA. Right now, about 18.8 million have been mined, though as we saw above, some of them are already lost.
6. A pizza purchase was the first commercial Bitcoin transaction
On May 22, 2010, Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas worth about $41 at the time. This was the first commercial Bitcoin transaction and is now commemorated through Bitcoin Pizza day each year.
7. There are almost 100,000 crypto millionaires.
It's quite difficult to know for sure how many Bitcoin millionaires there are because wallets are anonymous and the price of Bitcoin fluctuates, sometimes wildly. But according to BitInfoCharts, there are currently 98,180 addresses with BTC worth $1 million or more in them.
