It has been over a decade since the first cryptocurrency Bitcoin was founded by an unknown person (or group) with name Satoshi Nakamoto, and it is still not known who exactly that person or group is.
Nevertheless, the crypto market has flourished exponentially in the past years, with several new cryptocurrencies introduced by different startups, banks and organizations. Also, the companies worldwide have started realizing the importance and potential of the blockchain, the technology behind Bitcoin, for resolving the ongoing issues of various industries.
It is time to take a look at some of the Bitcoin and Cryptocurrency statistics to see how these currencies have managed to dominate the finance market for good.
101 Bitcoin and Cryptocurrency Statistics & Facts That Will Surprise You
Bitcoin Statistics and Facts:
1. As of January 2018, Bitcoin amounted 34% of the total cryptocurrency market value.
2. Bitcoin was founded in 2009 with the idea to decentralize the control of money and any other valuable asset.
4. As of May 2019, the value of 10,000 BTC is more than $53 million.
5. As of April 2019, there are a total of 17.6 million Bitcoins in circulation. Not more than 21 million Bitcoins can ever exist at the same time.
7. As of April 2019, the total number of Bitcoin transactions reached over 400 million.
8. 107 out of 251 countries do not have any regulation regarding the purchase or use of Bitcoins.
9. As the creator of Bitcoin is still unknown, some people even say that the coin was created by four companies – Samsung, Toshiba, Nakamichi, Motorola – in collaboration.
10. According to a TheNextWeb article, 350,000 Bitcoin transactions are performed every day on average.
11. The richest Bitcoin wallet address had 125,805 BTC ($674,551,479 USD), as on 30 April 2019, which is 0.714% of the total Bitcoins in existence.
12. Bitcoin is private (as your name/identity is not made public), but Bitcoin transactions are public (as anyone with your wallet address can see your balance & transactions.)
14. As of November 2017, a total of 3.79 million Bitcoins (worth 20,15,52,57,900) is already lost.
15. According to a 2015 survey of CoinDesk, over 90% of Bitcoin holders/users are male, while only 3% of the users are female.
16. Unlike paper money, Bitcoins are totally virtual, which means you cannot touch or feel these coins but can still use them for payments.
18. As of November 2017, Bitcoin transactions worth $2 billion were being processed on a daily basis.
19. As of 2015, 60% of Bitcoin holders were under 35 years age.
21. The last Bitcoin will be reportedly mined in 2140, after which Bitcoin mining will be closed.
22. 16 November 2017 was the day when the Bitcoin network witnessed the highest-value transaction of $2.8 billion.
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23. The US dollar and the Japanese yen are the two leading currencies to be exchanged for Bitcoin.
24. As of now, Bitcoin is accepted by a number of prominent merchants and businesses worldwide, including Starbucks, Virgin Galatic, Purse.io, Tesla, Peach Airline, Overstock.com, Microsoft, Namecheap.com, Shopify, among others.
26. For those who purchased Bitcoin at the time of launch, the ROI at the time of writing this article is 3,879.56%.
27. The lowest recorded price of Bitcoin is $65.53, according to coinmarketcap data.
28. In the last months of 2017, Bitcoin became so popular that 321,775 Bitcoin transactions were being performed on average each day.
30. As of October 2018, Coinbase (the biggest Bitcoin exchange) had 25 million users, with 25,000 new users signing up every day.
31. Bitcoin’s price increased by over 2000% between January-December 2017.
32. Close to 64% of Bitcoin wallets have not been used (called ghost wallets) since their inception.
33. There was a time when you could mine Bitcoins using any CPU, as the difficulty was just 1.
35. Bitcoin is not owned or controlled by any single person, as the original founder, Satoshi Nakamoto, never claimed the code ownership.
36. James Howells is a British man who accidentally threw away his hard drive containing the private keys to his Bitcoin account having 7,500 Bitcoins (worth $39 million today) in mid-2013.
38. The Bitcoin mining difficulty was the lowest at the time of launch and has gradually increased over the years. Between January 2017 and January 2018, the average Bitcoin mining difficulty increased by six times.
39. Bitcoin has nearly 9,000 mining nodes, while its closest competitor Ethereum has about three times, 25,000 nodes to be exact.
40. A total of 17,675,979 Bitcoins has been mined as of 01 May 2019, with a total market value of $94,615,984,442.
41. It took five years (from 2009 to 2014) for Bitcoin price to reach the $1,000 milestone, while it took only one year (from January 2017 to January 2018) for the price to increase by $13,000.
Interesting Statistics & Facts About Cryptocurrencies in General:
42. Now that you know every interesting thing there is to know about Bitcoins, let’s get to know about some other, more general cryptocurrency facts and statistics.
43. As of December 2018, the overall market capitalization of cryptocurrencies was $100 billion, which is more than the GDP of 127 countries.
45. Ethereum is the second most popular and valued cryptocurrency after Bitcoin, with a market cap of $17.1 billion.
46. Google recently lifted its ongoing ban on cryptocurrency ads in search results, indicating that it might be exploring a future in cryptocurrencies.
48. Cryptocurrencies aren’t controlled or managed by any centralized government or bank and have no tangible parameters for valuation. Basically, it is quite difficult to determine the value of a cryptocurrency.
49. Mt Gox, an abbreviation for Magic The Gathering Online eXchange, was once a very popular crypto exchange. However, it was originally created as an exchange platform for Magic The Gathering cards.
50. Cryptocurrencies are prohibited in a number of countries, including Nepal, Bolivia, Lebanon, Ecuador, Indonesia, etc. Some countries have even declared the use of digital currencies as illegal.
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51. Cryptocurrency mining continues to remain a lucrative business, and China is the biggest industry player with 75% control over the mining network.
52. ICO or Initial Coin Offering refers to the sale of cryptocurrencies in the exchange for investor funding for a blockchain-based startup.
54. Cryptocurrency is practically usable in every industry that deals with financial or digital transactions.
55. Another interesting thing about cryptocurrencies is that anyone can create one. You don’t need special authority or permissions in order to create a digital currency.
57. It is ‘physically’ impossible to ban cryptocurrencies, as these are digital currencies unregulated and decentralized in nature.
58. According to ICOdata.io report, 875 ICOs (Initial coin offerings) collectively raised over $6 billion in 2017.
59. The fund raised by 1258 ICOs in 2018 was nearly $8 billion.
61. Noted investor and one of the world’s richest man Warren Buffett said in an interview in 2014 that he thinks Bitcoin was nothing more than a “mirage” and just a way to transfer money.
62. Until 2017, institutional investors avoided investing or even talking about cryptocurrencies. This changed in December 2017 when CBOE Global Markets introduced its Bitcoin futures trading platform.
64. About 75% of people have no idea what an initial coin offering (ICO) is.
65. Even more surprising fact is that many people are not even aware of whether cryptocurrencies are legal or not in their respective countries.
67. As of March 2019, Maker coin ($676.83 per unit) was the second most expensive cryptocurrency after Bitcoin ($3,879.32 per unit).
69. Ironically, security is one of the primary reasons people give for not using cryptocurrencies for online transactions.
70. The market capitalization of Bitcoin was 86% in 2015, which dropped to 48% in 2018.
72. As of December 2018, 259,000 Bitcoin transactions were being performed on a daily basis.
73. As of March 24, 2019, the Bitcoin mining difficulty was 6,379,265,451,411 and the Hast Rate was 45,664,560,811 GH/s.
74. Satoshi Nakamoto, the so-called founder of Bitcoins, is said to own 980,000 BTC.
75. As of 2017, most of the Bitcoins (96% to be exact) were owned by only 4% of all BTC addresses.
76. The increasing price and competitiveness of Bitcoin gave birth to many other alternate coins, commonly called altcoins.
78. Only about 21.05% of cryptocurrencies have been mined, the remaining have been bought by their owners.
80. In 2017 alone, there were 914 new cryptocurrencies introduced in the market.
Here are some Interesting Facts & Stats about Blockchain (other than Bitcoin and Cryptocurrency statistics, facts):
81. Blockchain is the biggest technology evolution the world has seen after the Internet.
82. In simplest words, blockchain is a protocol for transferring money globally over a secure, transparent and immutable network.
83. In more complex terms, blockchain is an immutable, digital ledger of records, which are connected via cryptography and store verified transactions and data.
85. Decentralization is the main feature of blockchain which ensures that there is no centralized storing of data, which enhances the transparency and security of digital assets/data.
86. Blockchain has applications in virtually any industry which has anything to do with the storage, management and/or transfer of digital data or assets.
88. Blockchains do not have any middleman, which means the transaction costs are much lower in a blockchain as compared to the traditional banking system.
89. As of 2018, the blockchain technology market had a total valuation of $1.2 billion, which is expected to grow to more than 23.3 billion by 2023.
90. The Finance sector, with over 60% market capitalization, is at the top of the list of industries investing in and utilizing the benefits of blockchain.
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92. As of 2018, supply chain management, digital currency & payments and internet of things (IoT) were the three most common applications of the blockchain in organizations.
93. 34,660,975 was the number of blockchain wallet users worldwide, as of the first quarter of 2019.
Cryptocurrency Mining Facts & Statistics:
95. Miners are the individuals who verify blockchain transactions and get paid for each new block mined in the network.
96. Bitcoin mining difficulty is a parameter which determines how many coins will be mined in how much time.
97. The Bitcoin mining difficulty is adjusted after every 2016 blocks to ensure that it takes about 10 minutes (600 seconds) to discover each new block.
99. Bitcoin mining rewards are halved (reduced by 50 percent) after every 210,000 blocks or once every four years.
100. As of January 2019, the Bitcoin mining reward was 12.5 BTC per block.
The worth of blockchain technology lies in its usability and capability for solving real-world problems. There are a number of projects which are trying to implement the same.
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