It has been over a decade since the first cryptocurrency Bitcoin was founded by an unknown person (or group) with the 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, 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 reached by a blockchain orICO developmentcompany to see how these currencies have managed to dominate the finance market for good.
102 Bitcoin and Cryptocurrency Statistics & Facts That Will Surprise You
BitcoinStatistics 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.
3. The first merchant transaction using Bitcoin was made on 22 May 2010 by Laszlo Hanyecz, who paid 10,000 BTC in exchange for two Papa John’s Pizzas.
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.
6. The highest price of Bitcoin to date is $20,089 per coin, which was recorded on 17 December 2017.
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, and 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.)
13. Bitcoins once gone cannot be recovered. If you forget your Bitcoin wallet password or lose your private key, your Bitcoins are gone forever.
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.
17. Unlike fiat currencies, Bitcoins cannot be printed but they have to be mined on a Bitcoin network.
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 of age.
20. The mining power of the Bitcoin network is nearly 300 times the combined power of the world’s top 5 supercomputers.
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.
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, and Shopify, among others.
25. As of April 2019, the total market cap of Bitcoin is $95 billion ($95,171,475,804 USD to be exact) and the 24-hour volume is $14 billion.
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.
29. Between 2010-2017, 2014 was the only year when the price of Bitcoin dropped by 62% between the beginning and end of the year. This was because of the hack of the MtGox exchange.
30. As of October 2018, Coinbase (the biggest Crypto 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.
34. The value of Bitcoin in early 2010, a year after its launch, was 2 cents per coin.
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.
37. The number of search queries and interest for ‘Bitcoin’ on Google was the highest in December 2017.
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.
44. As of April 2019, total of 2141 cryptocurrencies are listed on the coinmarketcap website, with a total market cap of $175 billion in 18080. Bitcoin dominates 54.2% of the market.
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.
47. Cryptocurrencies are exceptionally volatile in nature. Moreover, their trading on crypto exchanges rather than central exchanges further adds to their volatility.
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.
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.
53. In terms of funds raised, EOS (6/26/17 – 6/18/18) has been the most successful ICO of all time, with $4.1 billion total amount raised in a period of one year.
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.
56. Blockchain is the real power behind everything a cryptocurrency can do.
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.
60. Miners are a crucial part of the cryptocurrency system, as they are required to verify and process the transactions in an unregulated blockchain system.
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.
63. Although most people (more than 80% of Americans) are aware of Bitcoin, many of them have never heard of other cryptocurrencies such as ETH.
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.
66. As of March 2019, Maker coin ($676.83 per unit) was the second most expensive cryptocurrency after Bitcoin ($3,879.32 per unit).
67. As of April 2019, there are 4,518 Bitcoin ATMs worldwide, with the United States being the country with the highest number of Bitcoin ATMs.
68. Ironically, security is one of the primary reasons people give for not use cryptocurrencies for online transactions.
69. The market capitalization of Bitcoin was 86% in 2015, which dropped to 48% in 2018.
70. 129.52 was the price of 1 Bitcoin cash in February 2019.
71. As of December 2018, 259,000 Bitcoin transactions were being performed on a daily basis.
72. 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.
73. Satoshi Nakamoto, the so-called founder of Bitcoins, is said to own 980,000 BTC.
74. As of 2017, most of the Bitcoins (96% to be exact) were owned by only 4% of all BTC addresses.
75. The increasing price and competitiveness of Bitcoin gave birth to many other alternate coins, commonly called altcoins.
76. 4.68% of youngsters have invested in some kind of cryptocurrency.
77. Only about 21.05% of cryptocurrencies have been mined, the remaining have been bought by their owners.
78. Bitcoins are so popular that they get a social media post every 3 seconds.
79. 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):
80. Blockchain is the biggest technology evolution the world has seen after the Internet.
81. In simplest words, blockchain is a protocol for transferring money globally over a secure, transparent and immutable network.
82. In more complex terms, blockchain is an immutable, digital ledger of records, which are connected via cryptography and store verified transactions and data.
83. The Blockchain ledger is managed by a cluster of distributed nodes (computers), each of which has the same copy of records.
84. 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.
85. Blockchain has applications in virtually any industry that has anything to do with the storage, management, and/or transfer of digital data or assets.
86. Blockchain transactions are faster, more secure and global, as blockchain miners are working 24*7, unlike banks which operate during specific business hours only.
87. Blockchains do not have any middleman, which means the transaction costs are much lower in a blockchain as compared to the traditional banking system.
88. 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.
89. 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.
90. Owing to its immutable distributed ledger technology, blockchain tech offers possible uses to businesses in a wide range of industries.
91. As of 2018, supply chain management, digital currency & payments and the internet of things (IoT) were the three most common applications of the blockchain in organizations.
92. 34,660,975 was the number of blockchain wallet users worldwide, as of the first quarter of 2019.
Cryptocurrency Mining Facts & Statistics:
93. Cryptocurrency/Bitcoin Mining is the process of creating new blocks by verifying transactions involving various cryptocurrencies.
94. Miners are the individuals who verify blockchain transactions and get paid for each new block mined in the network.
95. Bitcoin mining difficulty is a parameter which determines how many coins will be mined in how much time.
96. 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.
97. The price of Bitcoin is related to the mining difficulty. As the price drops, the difficulty is reduced, making it easier to mine the coins.
98. Bitcoin mining rewards are halved (reduced by 50 per cent) after every 210,000 blocks or once every four years.
99. As of January 2019, the Bitcoin mining reward was 12.5 BTC per block.
100. The next Bitcoin reward halving will occur on May 11, 2020, when the reward for each newly mined block will be reduced to 6.25 BTC.
101. As per the report, an average of 1800 new bitcoins are mined per day. This can be calculated by multiplying the average blocks mined per day (144) x a block having 12.5 bitcoins, so 144×12.5 = 1800.
102. As of Dec. 2019 data, There are 2,893,675.0 Bitcoins Left To Be Mined.
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.
Amit Gupta, who is the CEO and Founder of SAG IPL, founded this company with the vision to become the #1 provider of quality-driven and cost-effective blockchain marketing and development services in the world. As a Chartered Accountant with a keen interest in software and web development, he manages a team of over 200 professionals, comprising designers, developers, and marketers, committed to delivering top-notch web, software, mobile, and blockchain solutions to clients worldwide.
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