Here are some amazing facts about cryptocurrency:
- Over 7,000 cryptocurrencies: There are more than 7,000 cryptocurrencies in the market, with new ones emerging as cryptocurrency gains popularity.
- First commercial Bitcoin transaction was for pizza: In 2010, someone in Florida paid 10,000 Bitcoin (Currently worth over $600,000,000) for two pizzas. May 22(TODAY) is now celebrated as the world Bitcoin Pizza Day among Bitcoin enthusiasts.
- Creator of Bitcoin is still unknown: The creator of Bitcoin, the most popular cryptocurrency, is still unknown. The pseudonymous Satoshi Nakamoto has refused to reveal their name or claim ownership of the code.
- Doge Coin started as a parody*: Doge Coin was created in 2013 by IBM and Adobe software developers Billy Markus and Jackson Palmer to mock the rising excitement around cryptocurrencies.
- Cryptocurrency is great for gambling: Cryptocurrencies can be used not only for trade but also for gambling in online casinos. They offer superior security and transaction speeds.
- Bitcoin value has grown: During the last nine years, Bitcoin has grown by over 500,000%.
- El Salvador is the only country to fully adopt cryptocurrency as a legal tender: El Salvador is the first and only country to fully adopt cryptocurrency as a legal tender.
- Total cryptocurrency value dropped: The total cryptocurrency value dropped from nearly $3.2 trillion in 2021 down to $1.14 trillion in 2022.
- 15,000 companies worldwide accept Bitcoin: Over 15,000 companies worldwide accept Bitcoin as a payment method.
- Over 80 million Blockchain cryptocurrency wallet users: As of 2022, over 80 million Blockchain cryptocurrency wallet users have been reported.
- China forbids crypto mining: Since China forbids crypto mining, they now have almost zero hash rate (computing power).
- US takes over 35.4% of the global hash rate: On the other hand, the US takes over 35.4% of the global hash rate as of August 2021.
- 300 million crypto users worldwide: There are over 300 million crypto users worldwide.
- 79% of crypto owners are male: Gender-related statistics show that 79% of crypto owners are male.
- Average American crypto investor is 38 years old: An average American crypto investor is 38 years old, which is a lot younger than an average stock investor, who is 47 years old.
- Elon Musk is an influential figure in the crypto world: The inventor and CEO of Tesla and SpaceX is regarded as one of the most prominent personalities in the crypto world.
- Mr. Goxx the Trading Hamster: Mr. Goxx was a hamster who became an unlikely cryptocurrency trader. He was able to outperform many professional investors and gained a significant following online.
- China's Cryptocurrency Crackdown: China has been cracking down on cryptocurrencies, with a complete ban on all cryptocurrency transactions in the country.
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