Bitcoin is the oldest cryptocurrency that has been around for more than a decade. Back in 2011, BTC was valued at $1, but it ranges in the $30,000 to $40,000 ballpark.
Unlike regular currency, which requires a third party like a centralised bank. Bitcoin and every other crypto are decentralised since it functions on peer. To peer platforms and can work without needing a third-party intermediary. So basically, it is a currency where all your transactions. Will move from one place to another without going through any financial institution.
Bitcoin is often regarded as the first cryptocurrency, and it surely has paved the way for many others to follow its path.
If you are starting out in the world of crypto and do not know how to get started, you can go to Swyftx and other crypto exchange platforms to make your first crypto investment. You can convert your AUD to BTC or any other cryptocurrency and trade them through your encrypted wallet on such a platform.
Facts about Bitcoin that will surprise you
Bitcoin founder is still a mystery
You might know a lot about bitcoin, but its founder’s details are still a mystery. On the white papers of Bitcoin, Santoshi Nakamoto is the founder’s alias, but their true identity is still unknown. Many people have tried to claim that they are the founder, but there is no proof.
Moreover, whosoever is the owner of Bitcoin holds more than one million tokens in their wallet. So, the crypto whales are waiting to see or find out the true identity of the founder.
There have been over 600 million bitcoin transactions
Since its inception in 2009, there have been an estimated 668 million bitcoin transactions. However, this number has increased significantly in the past five years, and now more than two hundred transactions happen each day.
With the advent of crypto trading platforms and exchange apps. This number is expected to increase only in the coming years.
Crypto Adoption in Australia has spiked in the last five years
As of now, more than 29% of Australians are invested in different types of cryptocurrency, wherein a major chunk of them have invested in Bitcoin. As per a survey conducted in January 2021, 21.1% of Australians hold Bitcoin in their portfolio.
This number is expected to rise only due to favourable actions by the Australian Senate Select Committee on FinTech and RegTech, chaired by Senator Andrew Bragg.
The last bitcoin will be mined in 2140
As per the coin’s code which basically serves as the DNA, only 21 million bitcoin will ever be produced in the world. As of now, 18.8 million bitcoin have been mined, but you should know that the number of bitcoin that can be mined reduces by 50% every four years.
So, as per the calculation, more than ninety per cent of bitcoin is in circulation, but it will take around 120 years to mine the remaining coins.
There are only so many bitcoins left in the market so you must take advantage. Of the time and go to SwyftFX or similar exchanges that offer a great experience for traders looking. To trade in the flourishing cryptocurrency market. These platforms allow traders to invest in different cryptocurrencies like Bitcoin, Ethereum, Algorand and many others. While making investment in Bitcoin, you can also check out. Other cryptocurrencies on the platform as well and enhance your trading portfolio.
Bitcoin network is faster than supercomputers
It would surprise you to know that if you combine. The network of computers that mine Bitcoin. It would be faster than all 500 supercomputers in the world
These are some of the surprising facts about Bitcoin that you might not have known. If you are keen on buying some bitcoin of your own. You can go to the crypto exchange platform of your choice and fill. Up your crypto wallet with BTC or any other cryptocurrency you might like.