Bitcoin Fun Facts – What You Might Not Know About the World's First Cryptocurrency
Bitcoin, created in 2009 by a mysterious individual (or group) using the pseudonym Satoshi Nakamoto, was the first cryptocurrency ever invented and sparked a revolution in global finance. One of the most fascinating stories surrounding Bitcoin is the famous "Bitcoin Pizza Day." In 2010, programmer Laszlo Hanyecz paid 10,000 BTC for two pizzas – a sum that would be worth hundreds of millions of dollars today!
The total supply of Bitcoin is limited to 21 million coins, making it a deflationary asset – unlike traditional fiat currencies, which can be printed indefinitely by central banks. Interestingly, around 20% of all existing bitcoins are believed to be lost forever due to forgotten passwords or misplaced private keys.
Bitcoin has no physical form and is based on blockchain technology – a decentralized ledger that records all transactions. Mining Bitcoin requires massive computing power and consumes more electricity than some countries, sparking debates about its environmental impact.
Despite being labeled a "speculative bubble" many times over the years, Bitcoin has shown long-term growth in value, and more financial institutions and companies now accept it as a form of payment or investment. Bitcoin has inspired the creation of thousands of other cryptocurrencies and remains the most important digital asset in the crypto space.
