100 Bitcoin Facts to Celebrate BTC $100K

In April 2015, a micronation between Croatia and Serbia known as Liberland was born. It was founded by Vít Jedlička, a politician, publicist, activist and president of Liberland. The official currency of Liberland is bitcoin.

Satoshi holds $111 Billion in Bitcoin.

If you invested $1 in NVIDIA stock in 2012, you’d have around $190 today. But if you had put that same $1 into Bitcoin, you’d be sitting on a jaw-dropping $20,000 in 2024!

From Satoshi’s profile on P2P foundation, he will be 49 years old. Also, Satoshi claimed to be from Japan.

Satoshi Nakamoto coded Bitcoin in C++, which remains the primary language for the Bitcoin Core software.

Bitcoin's genesis block has the message, "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

It took 6 days to mine the 2nd block of Bitcoin.

On average Bitcoin network handles 553.3k transactions per day.

Bitcoin with an uppercase ‘B’ represents the blockchain ledger and bitcoin with the lowercase ‘b’ represents the currency of this chain BTC.

The first-ever transaction was 10 BTC and sent to Hal Finney on January 12, 2009.

Bitcoin’s uptime has consistently been 99.99% for the past 13 years.

A Bitcoin halving occurs every 210,000 blocks, which happens roughly every four years.

The block reward will drop to 1.562 BTC in 2028, further limiting new supply and potentially increasing scarcity-driven price pressure.

The final Bitcoin is expected to be mined around 2140, after which miners will rely solely on transaction fees for incentives.

Each Bitcoin block is mined every 10 minutes on average, regardless of the number of miners, due to the difficulty adjustment mechanism.

The difficulty adjustment occurs every 2016 blocks (roughly two weeks) to ensure that blocks are mined at a consistent 10-minute interval.

450 Bitcoins will be mined everyday till the next halving which is expected to be in 2028.

Martti Malmi, an OG Bitcoin dev, mined 55,000 BTC on his laptop in 2009 and 2010 before selling them all before 2012.

Bitcoinmarket, the first Bitcoin exchange, went live on March 17, 2010.

On Bitcoinmarket, Bitcoin priced at $0.003 when it went live.

In May 2010, Laszlo Hanyecz bought 2 pizzas in exchange for 10,000 Bitcoins, marking the origin of Bitcoin Pizza Day.

When Bitcoin launched in 2009, the mining difficulty was 1—so low that you could mine thousands of Bitcoin in a day using a basic CPU.

A bug led to the accidental creation of 184 billion BTC in 2010. Known as the value overflow incident, this bug led to the accidental creation of a huge number of coins in August of 2010 at block height 74638. It was fixed the error within 5 hours of its occurrence by releasing a patched Bitcoin client (version 0.3.10) which ignored the excess coins.

Satoshi was actively involved in Bitcoin development till Dec 2010.

In 2010, there was website called Bitcoin Faucet which was gave a away the 5 BTC for solving captcha.

BTC matched the US Dollar rate in February 2011 and 8Xed in value within 3 months.

Vitalik Buterin, one of the co-founders of Ethereum, took a side job in 2011 working for Bitcoin Weekly. As a writer, Buterin was paid 5 Bitcoin for each article written.

James Howells threw out a hard drive in 2013 that contained his digital wallet. The wallet contained 7,500 Bitcoins.

Due to a software bug in 2013, a transaction delay of over 25 blocks occurred, temporarily disrupting Bitcoin’s transaction order.

In 2014 GHash a pool of miners exceeded the 51% majority of Bitcoin hashrate. This promptly was followed by many members abandoning due to uneasiness after a DDoS attack.

In 2017, Bitcoin community had disagreement over increasing block size which created Bitcoin and Bitcoin cash. Both of these chains are identical except for Bitcoin cash supported bigger blocks.

In 2014, rapper 50 Cent took Bitcoin as payment for his album Animal Ambition.

The average year over year return of BTC since 2012 is a whopping 621%.

An estimated 20% of all Bitcoin (around 4 million BTC) is believed to be lost forever due to forgotten passwords, misplaced private keys, and hardware failures.

Fun Fact: Some satoshis are rarer than others, like Mythic Sats from the Genesis Block.

In 2016, a Bitcoin transaction was broadcasted from space using a satellite. This experiment was part of exploring off-planet uses for blockchain technology.

The Segregated Witness (SegWit) upgrade in 2017 increased Bitcoin’s effective block size limit by separating transaction signatures, paving the way for better scalability.

The Taproot upgrade (2021) improves scalability by enabling more complex transactions to use less space, reducing on-chain congestion.

Bitcoin core, the main reference client for Bitcoin benefits from the contributions of over 366 talented coders.

You can read conversations between Satoshi and early Bitcoin adopters on mail-archive https://www.mail-archive.com/cryptography@metzdowd.com/msg09959.html

If you were able to make a trillion guesses per second, you’d have to guess for about 3.3 decillion years to find the private key to a particular Bitcoin address.

Largest bitcoin transaction was 500,000 sent in a single transaction.

Bitcoin’s current marketcap of $2.2T is 1/9th of the current Gold marketcap as of the time of writing this.

At one point there was a way to send Bitcoin to an IP (but now it is long removed).

First Bitcoin ATM was started in Vancouver, Canada.

19.89M of 21M (94.7%) bitcoins have been mined as of the time of writing this. The remaining 1.1M will be mined in the next 120 years.

In 2022, a solo Bitcoin miner with a hash rate of just 0.000073% of the network managed to solve a block on their own. Their tiny rig earned them the entire 6.25 BTC block reward, defying all odds!

Bitcoin has a maximum market cap of 21 million coins. So, if all coins were distributed to the global population equally, each person would receive around ~0.0027 BTC ($270).

A tech-savvy enthusiast hacked a Nintendo Game Boy to mine Bitcoin. While it would take billions of years to mine one BTC, the project was a retro engineering marvel.

A kid who earned 127BTC back in 2011 for completing surveys cashed out his holdings at a whopping $4.2M.

There are only 9 countries who has GDP largest than Bitcoin marketcap.

Bitcoin is 7th largest asset by marketcap just below google and above Saudi Aramco.

Governments around the world own about 2.2% of supply.

Publicly traded companies collectively hold more than 2.6% of supply.

12% of supply is held by exchanges on behalf of their clients.

First Bitcoin ETF was approved on 10 Jan, 2024.

Bitcoin ETF now hold more than 1.1m Bitcoins.

First ever Bitcoin ETF application was submitted way back in 2017 by ProShares.

From publicly available data the top government treasury holdings of Bitcoin are US (200K coins) China (190K coins) and UK (61K) coins.

Coinbase is largest Bitcoin holder with almost 2.2 million in their custody.

If you invested $1 in NVIDIA stock in 2012, you’d have around $190 today. But if you had put that same $1 into Bitcoin, you’d be sitting on a jaw-dropping $20,000 in 2024!

Microstrategy holds more than 402k Bitcoin on their balance sheet.

Bitcoin's mining network boasts more computing power than the top 500 supercomputers combined, making it one of the most secure digital systems ever created.

The smallest divisible unit of Bitcoin is 1 Satoshi, which equals 0.00000001 BTC.

There are now over 40,000 Bitcoin ATMs around the globe, allowing users to buy and sell Bitcoin with cash.

Bitcoin’s code is open-source, meaning anyone can view, modify, or use it to create their own cryptocurrency.

Bitcoin mining now more eco-friendly than ever, reaching a 54.5% sustainable energy usage.

One Bitcoin transaction consumes 906.5 kWh of electricity which is little over month of electricity consumption for avg. American household.

One bitcoin transaction has a carbon footprint of 505 kgCO2 which almost as much as watching 84K hours of YouTube or flight from New York → Miami.

Annual carbon footprint of Bitcoin is 98 Mt CO2 which is comparable to Qatar.

Bitcoin consumes 175 TWh per year which almost as much as the whole Poland consumes in a year.

Studies have found that Bitcoin's daily realized volatility can be similar to, or even lower than, that of certain S&P 500 stocks. For instance, in May 2020 and December 2022, Bitcoin was less volatile than the median S&P 1500 stock.

As of 2024, there are over 18,000 publicly accessible full nodes running the Bitcoin network, ensuring its decentralization and security.

Over 80% of Bitcoin’s mining hash rate comes from mining pools, where miners combine their computational power to share rewards.

El Salvador was the first country to accept Bitcoin as a legal tender.

El Salvador has tapped into geothermal energy from volcanoes to power Bitcoin mining, coining the term "volcanic mining.”

Unlike traditional financial markets, Bitcoin operates 24/7, with no downtime for holidays or weekends.

Bitcoin can be stored in various forms, including paper wallets, hardware wallets like Ledger and Trezor, and software wallets on computers or mobile devices.

Bitcoin’s base layer can handle around 7 TPS, which is limited by its 1 MB block size and 10-minute block intervals.

The Lightning Network, Bitcoin’s second-layer scaling solution, enables off-chain micro-transactions that are nearly instant and capable of handling millions of TPS, but is complicated to setup and doesn’t have the same level of security.

The largest Bitcoin Ordinals inscription to date is Inscription 70,614,708, created by OrdinalsBot on May 3, 2024. This inscription is a 3.969 MB image of "A Declaration of Independence in Cyberspace" by Logos Network.

The Taproot Wizards cast a record-breaking spell on Bitcoin with Inscription 652, a hand-drawn wizard that filled a massive 3.96 MB of a 4 MB block—the largest in Bitcoin's history at the time!

Fun Fact: On April 20, 2024, Bitcoin miners celebrated a windfall! 🎉💰 The simultaneous occurrence of Bitcoin's fourth halving and the launch of the Runes protocol caused transaction fees to skyrocket, with miners earning a record-breaking 37.7 BTC (approximately $2.4 million) in fees for a single block.

Runes are Bitcoin’s magical treasure chests! 🪙 Thanks to Bitcoin’s UTXO system, every Rune has a trail that can’t be erased, making them nearly impossible to lose.

BRC-20 got its name as a playful nod to Ethereum’s ERC-20 token standard. 🪙 The "B" stands for Bitcoin, signaling its roots in the OG blockchain, while "20" keeps the vibe familiar to Ethereum fans. It’s like Bitcoin saying, "Hey, we can do tokens too, but our way!”

Silk road facilitated volume of 9,519,664 Bitcoins.

In the early days, Bitcoin got bad reputation because of Silk Road. This slowly changed as more people actually understanding the tech behind it.

When Ross Ulbricht was arrested 144.3k Bitcoin was seized by FBI from his laptop.

After seizing Bitcoin from illegal activities (like the Silk Road marketplace), the FBI became one of the largest holders of Bitcoin for a while.

Infamous Mt Gox exchange which was hacked for 850K Bitcoin which now would be worth $87B.

Emerging technologies, like Rollups, Metaprotocols and Metalayers may integrate Bitcoin into decentralized finance (DeFi), broadening its utility. This movement is aptly termed the Bitcoin Renaissance.

An emerging domain of Bitcoin rollups, inspired by Ethereum, aggregate transactions off-chain and settle them as a single transaction on-chain, enhancing scalability without compromising security.

The threat of shutting down Bitcoin by shutting down internet is neutralised by projects like Blockstream and Starlink which promise to beam the blockchain data via satellites.

Developers can create on-chain programs on Bitcoin with Script which is built-in simple language. With it developers can’t create application like AMMs but it can be used to create simple application like multi-sig or time locks.

A few mining pools, like Foundry USA, Antpool, and F2Pool, control over 60-70% of Bitcoin’s hash rate, making them the backbone of the network—but also sparking concerns about centralization.

KFC Canada rolled out the Bitcoin Bucket in 2018, an offering that can only be paid for using Bitcoin.

Approximately 78% of Bitcoin's circulating supply is held in cold storage, reflecting a strong "HODL" culture among investors.

The Bitcoin white paper hidden inside the operating system of every Apple Macintosh computer shipped since 2017 (it has been removed now).

There are now 85,400 Bitcoin millionaires, more than double the amount from 2023.

Bitcoin will go to $1M 🔥😛