SlideShare a Scribd company logo
5 FactsaboutBitcoin
Bitcoin has become too big to fail. With interest in the digital payment network spanning from
tech enthusiasts to individual retail traders, and now encompassing large institutional investment
firms – most people agree the success of Bitcoin is inevitable. One doesn’t have to look very far
to find massive support and adoption of the cryptocurrency, even on the national government
level. Although, it is still considered a new technology, and is going through its own price
discovery, it reacts strongly to positive catalysts and is relatively resistant to negative chatter.
These absolute facts will show why Bitcoin is digital granite now and will remain for many years
to come.
1.Almost A Billion Transactions Completed
According to data available on Nasdaq.com, since Dec. 2008, when Bitcoin became publicly
available to purchase, to now Oct. 2021, the entire Bitcoin network has processed a whopping
677 million transactions and counting. In January of 2021, the number of daily transactions
peaked at roughly 400,000 verified transactions for a single day. This is not a one-off, the
average number of transactions processed daily on the Bitcoin network alone is 250,000. Many
studies have calculated, this works out to about 7 transactions per second. In 2008, this seemed
unfathomable, in 2021, the success of Bitcoin has become obviously inevitable.
2. Bitcoin Uses Renewable Energy
Although China has recently enforced a massive crackdown on Bitcoin mining and usage, it
remains the world’s undisputed leader in mining power, currently mining around 60% of the
network’s collective hashrate. This is largely due to the cheap electricity pricing in some areas
and the manufacture of the equipment done in the country. However, since the crackdown in
China, the U.S. is surging behind and is now the world’s second largest mining power. Many
large mining farms in Texas, Utah, and Pennsylvania are using the natural resources such as
wind, hydro (water), and solar available to them to mine Bitcoin in a more environmentally
friendly way. With all the focus on global environmental awareness, especially in the U.S.,
searching for new and innovative ways to uphold the Bitcoin network, while being kind to the
Earth and mindful of energy consumption, is sure to progress and is possibly the next big move
for Bitcoin.
3. Big Banks Invest in Bitcoin
As Bitcoin continues to perform, banks across the world have taken notice. Currently, 50 of the
world’s top 100 banks are holding or investing in Bitcoin in some form. Whether they hold it
directly or by backing other crypto-oriented organizations to provide funding, there is bank
interest everywhere. If crypto is going to disrupt the traditional financial system, the banks are
sure to make money along the way. Amongst these large banks are Citigroup, UBS, Morgan
Stanley, and JPMorgan Chase, just to name a few. Each of these banks have trillions of dollars in
assets under management, and now offer the world’s largest crypto-backed funds on the market.
4. Bitcoin’s Creator is Anonymous
One of the most beautiful aspects of Bitcoin is its anonymity of its creator, Satoshi Nakamoto.
Most large companies or technologies that have developed over the years have a clearly defined
figurehead, responsible for creation or bringing the product to market.
While this is nice for fame and recognition to some, it leaves a lot of margin for corruption and
manipulation. If one of these founders were to say, or do, something unpopular to public opinion
the entire organization could be turned upside down and fall from its elite level. Bitcoin, being
able to distance itself from this, survives in an environment that can be globally adopted without
the need for a political influence or affiliation. The true identity of Satoshi is unknown to this
day.
5. Bitcoin is Scarce
If these coins are created from computing power, aren’t there enough computers in the world to
produce infinite Bitcoin forever, much like printing money? In short, No. When the Bitcoin
network was designed and written by Satoshi Nakamoto in 2008, the white paper addresses this
head on. Satoshi clearly illustrates that there will only be 21 million coins mined, with the final
coin being mined somewhere around the year 2140. Because miners are always running to
uphold the network, and in turn earning a BTC reward, he designed the protocol to “Halve” the
mining reward every 4 years, or 210,000 blocks. This ensures the miners wont rush to earn, and
in turn leave the Bitcoin network completely “tapped” with no available coins to issue to miners
or those willing to purchase the coins outright. The reward started very high to incentivize
interested people to use their computing power to set this chain of events in motion. As it grows
in popularity, the reward is halved in time to ensure everyone globally has an opportunity to
participate in Bitcoin. This system is flawlessly executed and creates a supply limitation to battle
potential inflation and create scarcity. Therefore, Bitcoin is a far superior cryptocurrency to
others, as well as the traditional banking system we all use today for the U.S. dollar. This in
combination with the layering, scalability potential Bitcoin has, creates a secure ever-expansive
digital payment network, suitable for global decentralized “banking”.
This disclaimer informs readers that the views, thoughts, and opinions expressedin the
text/sponsored content belong solely to the author, and not necessarily to Bitcoin of
America, organization, committee or other group or individual. All investments are at your
own risk and should be done after careful research.
Source: https://www.bitcoinofamerica.org/blog/5-facts-about-bitcoin/

More Related Content

What's hot

Bitcoin
BitcoinBitcoin
Bitcoin & Blockchain for Friends
Bitcoin & Blockchain for FriendsBitcoin & Blockchain for Friends
Bitcoin & Blockchain for Friends
Sam Wouters
 
Bitpreneurship
BitpreneurshipBitpreneurship
Bitpreneurship
Kavit Panchani
 
Will cryptocurrency price hike in 2018
Will cryptocurrency price hike in 2018 Will cryptocurrency price hike in 2018
Will cryptocurrency price hike in 2018
Blockchain Council
 
BITCOIN YOUR VALENTINE, (CRYPTO) LOVE IS ALL YOU NEED
BITCOIN YOUR VALENTINE, (CRYPTO) LOVE IS ALL YOU NEEDBITCOIN YOUR VALENTINE, (CRYPTO) LOVE IS ALL YOU NEED
BITCOIN YOUR VALENTINE, (CRYPTO) LOVE IS ALL YOU NEED
Steven Rhyner
 
Bitcoins : all you need to know and get started with Bitcoin
Bitcoins : all you need to know and get started with BitcoinBitcoins : all you need to know and get started with Bitcoin
Bitcoins : all you need to know and get started with Bitcoin
Sharjeel Khawaja
 
BITCOIN FORKS INTO TWO, NEW ERA DAWNS FOR BITCOIN
BITCOIN FORKS INTO TWO, NEW ERA DAWNS FOR BITCOINBITCOIN FORKS INTO TWO, NEW ERA DAWNS FOR BITCOIN
BITCOIN FORKS INTO TWO, NEW ERA DAWNS FOR BITCOIN
Steven Rhyner
 
State of Bitcoin Q2 2015
State of Bitcoin Q2 2015State of Bitcoin Q2 2015
State of Bitcoin Q2 2015
CoinDesk
 
Entrepreneurship & Blockchains
Entrepreneurship & BlockchainsEntrepreneurship & Blockchains
Entrepreneurship & Blockchains
Sam Wouters
 
Food as Distributed Commons: Cryptocurrencies as Slow Money
Food as Distributed Commons: Cryptocurrencies as Slow MoneyFood as Distributed Commons: Cryptocurrencies as Slow Money
Food as Distributed Commons: Cryptocurrencies as Slow Money
Evelyn Rodriguez
 
BITCOIN: A 21ST CENTURY CURRENCY EXPLAINED BY A WALL STREET VETERAN
BITCOIN: A 21ST CENTURY CURRENCY EXPLAINED BY A WALL STREET VETERANBITCOIN: A 21ST CENTURY CURRENCY EXPLAINED BY A WALL STREET VETERAN
BITCOIN: A 21ST CENTURY CURRENCY EXPLAINED BY A WALL STREET VETERAN
Steven Rhyner
 
“Emerging Investment Avenues: A new path for Financial Investors”
“Emerging Investment Avenues: A new path for Financial Investors”“Emerging Investment Avenues: A new path for Financial Investors”
“Emerging Investment Avenues: A new path for Financial Investors”
Mohit Garg
 
Blockchain Presentation
Blockchain PresentationBlockchain Presentation
Blockchain Presentation
ThaboBotha
 
State of Bitcoin 2015
State of Bitcoin 2015State of Bitcoin 2015
State of Bitcoin 2015
CoinDesk
 
The Future of Money: Central Bank Digital Currencies
The Future of Money: Central Bank Digital CurrenciesThe Future of Money: Central Bank Digital Currencies
The Future of Money: Central Bank Digital Currencies
J. Scott Christianson
 
CoinX Trading Business Concept English
CoinX Trading Business Concept EnglishCoinX Trading Business Concept English
CoinX Trading Business Concept English
Romeo Abuhan
 
Coinx ppt pakistan_english
Coinx ppt pakistan_englishCoinx ppt pakistan_english
Coinx ppt pakistan_english
COINX TRADING LTD
 
Coinx ppt england
Coinx ppt englandCoinx ppt england
Coinx ppt england
COINX TRADING LTD
 
CoinX Trading Business Concept USA
CoinX Trading Business Concept USACoinX Trading Business Concept USA
CoinX Trading Business Concept USA
Romeo Abuhan
 
Coinx Trading Presentation in English - USA
Coinx Trading Presentation in English - USA Coinx Trading Presentation in English - USA
Coinx Trading Presentation in English - USA
COINX TRADING LTD
 

What's hot (20)

Bitcoin
BitcoinBitcoin
Bitcoin
 
Bitcoin & Blockchain for Friends
Bitcoin & Blockchain for FriendsBitcoin & Blockchain for Friends
Bitcoin & Blockchain for Friends
 
Bitpreneurship
BitpreneurshipBitpreneurship
Bitpreneurship
 
Will cryptocurrency price hike in 2018
Will cryptocurrency price hike in 2018 Will cryptocurrency price hike in 2018
Will cryptocurrency price hike in 2018
 
BITCOIN YOUR VALENTINE, (CRYPTO) LOVE IS ALL YOU NEED
BITCOIN YOUR VALENTINE, (CRYPTO) LOVE IS ALL YOU NEEDBITCOIN YOUR VALENTINE, (CRYPTO) LOVE IS ALL YOU NEED
BITCOIN YOUR VALENTINE, (CRYPTO) LOVE IS ALL YOU NEED
 
Bitcoins : all you need to know and get started with Bitcoin
Bitcoins : all you need to know and get started with BitcoinBitcoins : all you need to know and get started with Bitcoin
Bitcoins : all you need to know and get started with Bitcoin
 
BITCOIN FORKS INTO TWO, NEW ERA DAWNS FOR BITCOIN
BITCOIN FORKS INTO TWO, NEW ERA DAWNS FOR BITCOINBITCOIN FORKS INTO TWO, NEW ERA DAWNS FOR BITCOIN
BITCOIN FORKS INTO TWO, NEW ERA DAWNS FOR BITCOIN
 
State of Bitcoin Q2 2015
State of Bitcoin Q2 2015State of Bitcoin Q2 2015
State of Bitcoin Q2 2015
 
Entrepreneurship & Blockchains
Entrepreneurship & BlockchainsEntrepreneurship & Blockchains
Entrepreneurship & Blockchains
 
Food as Distributed Commons: Cryptocurrencies as Slow Money
Food as Distributed Commons: Cryptocurrencies as Slow MoneyFood as Distributed Commons: Cryptocurrencies as Slow Money
Food as Distributed Commons: Cryptocurrencies as Slow Money
 
BITCOIN: A 21ST CENTURY CURRENCY EXPLAINED BY A WALL STREET VETERAN
BITCOIN: A 21ST CENTURY CURRENCY EXPLAINED BY A WALL STREET VETERANBITCOIN: A 21ST CENTURY CURRENCY EXPLAINED BY A WALL STREET VETERAN
BITCOIN: A 21ST CENTURY CURRENCY EXPLAINED BY A WALL STREET VETERAN
 
“Emerging Investment Avenues: A new path for Financial Investors”
“Emerging Investment Avenues: A new path for Financial Investors”“Emerging Investment Avenues: A new path for Financial Investors”
“Emerging Investment Avenues: A new path for Financial Investors”
 
Blockchain Presentation
Blockchain PresentationBlockchain Presentation
Blockchain Presentation
 
State of Bitcoin 2015
State of Bitcoin 2015State of Bitcoin 2015
State of Bitcoin 2015
 
The Future of Money: Central Bank Digital Currencies
The Future of Money: Central Bank Digital CurrenciesThe Future of Money: Central Bank Digital Currencies
The Future of Money: Central Bank Digital Currencies
 
CoinX Trading Business Concept English
CoinX Trading Business Concept EnglishCoinX Trading Business Concept English
CoinX Trading Business Concept English
 
Coinx ppt pakistan_english
Coinx ppt pakistan_englishCoinx ppt pakistan_english
Coinx ppt pakistan_english
 
Coinx ppt england
Coinx ppt englandCoinx ppt england
Coinx ppt england
 
CoinX Trading Business Concept USA
CoinX Trading Business Concept USACoinX Trading Business Concept USA
CoinX Trading Business Concept USA
 
Coinx Trading Presentation in English - USA
Coinx Trading Presentation in English - USA Coinx Trading Presentation in English - USA
Coinx Trading Presentation in English - USA
 

Similar to 5 facts about bitcoin

Bitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its SuccessBitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
Sergey Ionnikov
 
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its SuccessBitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
Sergey Ionnikov
 
Illuminating the Journey through Cryptocurrencies.pdf
Illuminating the Journey through Cryptocurrencies.pdfIlluminating the Journey through Cryptocurrencies.pdf
Illuminating the Journey through Cryptocurrencies.pdf
TEWMAGAZINE
 
Bitcoin: Future Of Money or Curse
Bitcoin: Future Of Money or CurseBitcoin: Future Of Money or Curse
Bitcoin: Future Of Money or Curse
Jason Fernandes
 
Bitcoin and the future of money
Bitcoin and the future of moneyBitcoin and the future of money
Bitcoin and the future of money
Jason Fernandes
 
What is bitcoin?
What is bitcoin?What is bitcoin?
What is bitcoin?
Sharesarkar
 
Coin perspective investment
Coin perspective investmentCoin perspective investment
Coin perspective investment
NINADSAXENA1
 
Crypto Quantum Leap (1).pdf
Crypto Quantum Leap (1).pdfCrypto Quantum Leap (1).pdf
Crypto Quantum Leap (1).pdf
Mukeshbhaskar8
 
A beginners guide to bitcoin
A beginners guide to bitcoinA beginners guide to bitcoin
A beginners guide to bitcoin
CoinGape
 
What’s bitcoin a beginner’s guide to the world’s first cryptocurrency
What’s bitcoin  a beginner’s guide to the world’s first cryptocurrencyWhat’s bitcoin  a beginner’s guide to the world’s first cryptocurrency
What’s bitcoin a beginner’s guide to the world’s first cryptocurrency
Bandara7
 
Will Bitcoin Become the First Monopoly in Global Decentralized Economy
Will Bitcoin Become the First Monopoly in Global Decentralized EconomyWill Bitcoin Become the First Monopoly in Global Decentralized Economy
Will Bitcoin Become the First Monopoly in Global Decentralized Economy
coingabbar
 
Why Bitcoin Matters
Why Bitcoin MattersWhy Bitcoin Matters
Why Bitcoin Matters
Steven Rhyner
 
Bitcoin as an Ethical Dilemma closing case (Question below article).pdf
Bitcoin as an Ethical Dilemma closing case (Question below article).pdfBitcoin as an Ethical Dilemma closing case (Question below article).pdf
Bitcoin as an Ethical Dilemma closing case (Question below article).pdf
arjunhassan8
 
What is Bitcoin and How is it related to Satoshi Nakamoto White Paper.pdf
What is Bitcoin and How is it related to Satoshi Nakamoto White Paper.pdfWhat is Bitcoin and How is it related to Satoshi Nakamoto White Paper.pdf
What is Bitcoin and How is it related to Satoshi Nakamoto White Paper.pdf
Suraj Sharma
 
IS IT TOO LATE TO START INVESTING IN BITCOINS?
IS IT TOO LATE TO START INVESTING IN BITCOINS?IS IT TOO LATE TO START INVESTING IN BITCOINS?
IS IT TOO LATE TO START INVESTING IN BITCOINS?
Steven Rhyner
 
Cryptocurrency Investment Strategy by Sato Akira.
Cryptocurrency Investment Strategy by Sato Akira.Cryptocurrency Investment Strategy by Sato Akira.
Cryptocurrency Investment Strategy by Sato Akira.
Qutomatic
 
Will Bitcoin Become the First Monopoly in Global Decentralized Economy (2).pdf
Will Bitcoin Become the First Monopoly in Global Decentralized Economy (2).pdfWill Bitcoin Become the First Monopoly in Global Decentralized Economy (2).pdf
Will Bitcoin Become the First Monopoly in Global Decentralized Economy (2).pdf
coingabbar
 
Bitcoin An exploratory view into the crypto worldBitcoin A.docx
Bitcoin An exploratory view into the crypto worldBitcoin A.docxBitcoin An exploratory view into the crypto worldBitcoin A.docx
Bitcoin An exploratory view into the crypto worldBitcoin A.docx
AASTHA76
 
The complete guide to bitcoin and how it is redefining the future of money an...
The complete guide to bitcoin and how it is redefining the future of money an...The complete guide to bitcoin and how it is redefining the future of money an...
The complete guide to bitcoin and how it is redefining the future of money an...
SameerShaik43
 
Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...
Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...
Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...
Chimezie Chuta
 

Similar to 5 facts about bitcoin (20)

Bitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its SuccessBitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
 
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its SuccessBitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its Success
 
Illuminating the Journey through Cryptocurrencies.pdf
Illuminating the Journey through Cryptocurrencies.pdfIlluminating the Journey through Cryptocurrencies.pdf
Illuminating the Journey through Cryptocurrencies.pdf
 
Bitcoin: Future Of Money or Curse
Bitcoin: Future Of Money or CurseBitcoin: Future Of Money or Curse
Bitcoin: Future Of Money or Curse
 
Bitcoin and the future of money
Bitcoin and the future of moneyBitcoin and the future of money
Bitcoin and the future of money
 
What is bitcoin?
What is bitcoin?What is bitcoin?
What is bitcoin?
 
Coin perspective investment
Coin perspective investmentCoin perspective investment
Coin perspective investment
 
Crypto Quantum Leap (1).pdf
Crypto Quantum Leap (1).pdfCrypto Quantum Leap (1).pdf
Crypto Quantum Leap (1).pdf
 
A beginners guide to bitcoin
A beginners guide to bitcoinA beginners guide to bitcoin
A beginners guide to bitcoin
 
What’s bitcoin a beginner’s guide to the world’s first cryptocurrency
What’s bitcoin  a beginner’s guide to the world’s first cryptocurrencyWhat’s bitcoin  a beginner’s guide to the world’s first cryptocurrency
What’s bitcoin a beginner’s guide to the world’s first cryptocurrency
 
Will Bitcoin Become the First Monopoly in Global Decentralized Economy
Will Bitcoin Become the First Monopoly in Global Decentralized EconomyWill Bitcoin Become the First Monopoly in Global Decentralized Economy
Will Bitcoin Become the First Monopoly in Global Decentralized Economy
 
Why Bitcoin Matters
Why Bitcoin MattersWhy Bitcoin Matters
Why Bitcoin Matters
 
Bitcoin as an Ethical Dilemma closing case (Question below article).pdf
Bitcoin as an Ethical Dilemma closing case (Question below article).pdfBitcoin as an Ethical Dilemma closing case (Question below article).pdf
Bitcoin as an Ethical Dilemma closing case (Question below article).pdf
 
What is Bitcoin and How is it related to Satoshi Nakamoto White Paper.pdf
What is Bitcoin and How is it related to Satoshi Nakamoto White Paper.pdfWhat is Bitcoin and How is it related to Satoshi Nakamoto White Paper.pdf
What is Bitcoin and How is it related to Satoshi Nakamoto White Paper.pdf
 
IS IT TOO LATE TO START INVESTING IN BITCOINS?
IS IT TOO LATE TO START INVESTING IN BITCOINS?IS IT TOO LATE TO START INVESTING IN BITCOINS?
IS IT TOO LATE TO START INVESTING IN BITCOINS?
 
Cryptocurrency Investment Strategy by Sato Akira.
Cryptocurrency Investment Strategy by Sato Akira.Cryptocurrency Investment Strategy by Sato Akira.
Cryptocurrency Investment Strategy by Sato Akira.
 
Will Bitcoin Become the First Monopoly in Global Decentralized Economy (2).pdf
Will Bitcoin Become the First Monopoly in Global Decentralized Economy (2).pdfWill Bitcoin Become the First Monopoly in Global Decentralized Economy (2).pdf
Will Bitcoin Become the First Monopoly in Global Decentralized Economy (2).pdf
 
Bitcoin An exploratory view into the crypto worldBitcoin A.docx
Bitcoin An exploratory view into the crypto worldBitcoin A.docxBitcoin An exploratory view into the crypto worldBitcoin A.docx
Bitcoin An exploratory view into the crypto worldBitcoin A.docx
 
The complete guide to bitcoin and how it is redefining the future of money an...
The complete guide to bitcoin and how it is redefining the future of money an...The complete guide to bitcoin and how it is redefining the future of money an...
The complete guide to bitcoin and how it is redefining the future of money an...
 
Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...
Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...
Conceptual Issues and Basic Method of BitCoin, Cryptography, Economics & The ...
 

Recently uploaded

How to Start Your Influencer Marketing Career
How to Start Your Influencer Marketing CareerHow to Start Your Influencer Marketing Career
How to Start Your Influencer Marketing Career
gchaitya21
 
Building A Powerful Brand on Any Platform
Building A Powerful Brand on Any PlatformBuilding A Powerful Brand on Any Platform
Building A Powerful Brand on Any Platform
Xpand Marketing
 
How Social Media effect on business | eflot
How Social Media effect on business | eflotHow Social Media effect on business | eflot
How Social Media effect on business | eflot
swethag283189
 
Factsheet pdf
Factsheet                            pdfFactsheet                            pdf
Factsheet pdf
Kaushal445159
 
Top XRP Coin News of the Week: A Volatile Market Amidst Legal and Historical ...
Top XRP Coin News of the Week: A Volatile Market Amidst Legal and Historical ...Top XRP Coin News of the Week: A Volatile Market Amidst Legal and Historical ...
Top XRP Coin News of the Week: A Volatile Market Amidst Legal and Historical ...
SFC Today
 
Advantages of digital marketing course telugu
Advantages of digital marketing course teluguAdvantages of digital marketing course telugu
Advantages of digital marketing course telugu
satyasafi79812
 
"Bhaktimay Hanuman: Embodiment of Devotion and Strength"
"Bhaktimay Hanuman: Embodiment of Devotion and Strength""Bhaktimay Hanuman: Embodiment of Devotion and Strength"
"Bhaktimay Hanuman: Embodiment of Devotion and Strength"
iamnavigato
 
Snapshot of Consumer Behaviors of June 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of June 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of June 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of June 2024-EOLiSurvey (EN).pdf
Eastern Online-iSURVEY
 
Shravani Mela branding plan - static visibility across UP, Bihar and Jharkhand
Shravani Mela branding plan - static visibility across UP, Bihar and JharkhandShravani Mela branding plan - static visibility across UP, Bihar and Jharkhand
Shravani Mela branding plan - static visibility across UP, Bihar and Jharkhand
suyogkulkarni39
 
Segmentation, Targeting and positioning (1).pptx
Segmentation, Targeting and positioning (1).pptxSegmentation, Targeting and positioning (1).pptx
Segmentation, Targeting and positioning (1).pptx
SandeshAcharya17
 
Chemical Industry- Rashtriya Chemical Fertilizers (RCF) .pptx
Chemical Industry- Rashtriya Chemical Fertilizers (RCF) .pptxChemical Industry- Rashtriya Chemical Fertilizers (RCF) .pptx
Chemical Industry- Rashtriya Chemical Fertilizers (RCF) .pptx
mayurparate000
 
[Webinar - VWO] AI-First Strategies to Drive Traffic and Conversions for 2024...
[Webinar - VWO] AI-First Strategies to Drive Traffic and Conversions for 2024...[Webinar - VWO] AI-First Strategies to Drive Traffic and Conversions for 2024...
[Webinar - VWO] AI-First Strategies to Drive Traffic and Conversions for 2024...
VWO
 
The Marketing Vunerabilities in Tech and IP-Led Companies
The Marketing Vunerabilities in Tech and IP-Led CompaniesThe Marketing Vunerabilities in Tech and IP-Led Companies
The Marketing Vunerabilities in Tech and IP-Led Companies
Bethan Vincent
 
Chandigarh Institute of Internet Marketing
Chandigarh Institute of Internet MarketingChandigarh Institute of Internet Marketing
Chandigarh Institute of Internet Marketing
CIIM
 
Digital marketing is essential for global reach, engagement, and growth.
Digital marketing is essential for global reach, engagement, and growth.Digital marketing is essential for global reach, engagement, and growth.
Digital marketing is essential for global reach, engagement, and growth.
raqibmifysolutions
 
LinkedIn Marketing Plan for The Sparks Foundation.pdf
LinkedIn Marketing Plan for The Sparks Foundation.pdfLinkedIn Marketing Plan for The Sparks Foundation.pdf
LinkedIn Marketing Plan for The Sparks Foundation.pdf
The Sparks Foundation
 
Mobile App UI Design Trends .pdf
Mobile App UI Design Trends             .pdfMobile App UI Design Trends             .pdf
Mobile App UI Design Trends .pdf
technologiesintelio
 
TAM AdEx-Quarterly Report on Radio Advertising_2024.pdf
TAM AdEx-Quarterly Report on Radio Advertising_2024.pdfTAM AdEx-Quarterly Report on Radio Advertising_2024.pdf
TAM AdEx-Quarterly Report on Radio Advertising_2024.pdf
Social Samosa
 
CAMPUSEDGE ENETERPRISE RESOURCE MANAGEMENT SOFTWARE
CAMPUSEDGE ENETERPRISE RESOURCE MANAGEMENT SOFTWARECAMPUSEDGE ENETERPRISE RESOURCE MANAGEMENT SOFTWARE
CAMPUSEDGE ENETERPRISE RESOURCE MANAGEMENT SOFTWARE
solitaireshubham
 
1704373070-KIM_-_ITI_ELSS_Tax_Saver_Fund.pdf
1704373070-KIM_-_ITI_ELSS_Tax_Saver_Fund.pdf1704373070-KIM_-_ITI_ELSS_Tax_Saver_Fund.pdf
1704373070-KIM_-_ITI_ELSS_Tax_Saver_Fund.pdf
Kaushal445159
 

Recently uploaded (20)

How to Start Your Influencer Marketing Career
How to Start Your Influencer Marketing CareerHow to Start Your Influencer Marketing Career
How to Start Your Influencer Marketing Career
 
Building A Powerful Brand on Any Platform
Building A Powerful Brand on Any PlatformBuilding A Powerful Brand on Any Platform
Building A Powerful Brand on Any Platform
 
How Social Media effect on business | eflot
How Social Media effect on business | eflotHow Social Media effect on business | eflot
How Social Media effect on business | eflot
 
Factsheet pdf
Factsheet                            pdfFactsheet                            pdf
Factsheet pdf
 
Top XRP Coin News of the Week: A Volatile Market Amidst Legal and Historical ...
Top XRP Coin News of the Week: A Volatile Market Amidst Legal and Historical ...Top XRP Coin News of the Week: A Volatile Market Amidst Legal and Historical ...
Top XRP Coin News of the Week: A Volatile Market Amidst Legal and Historical ...
 
Advantages of digital marketing course telugu
Advantages of digital marketing course teluguAdvantages of digital marketing course telugu
Advantages of digital marketing course telugu
 
"Bhaktimay Hanuman: Embodiment of Devotion and Strength"
"Bhaktimay Hanuman: Embodiment of Devotion and Strength""Bhaktimay Hanuman: Embodiment of Devotion and Strength"
"Bhaktimay Hanuman: Embodiment of Devotion and Strength"
 
Snapshot of Consumer Behaviors of June 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of June 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of June 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of June 2024-EOLiSurvey (EN).pdf
 
Shravani Mela branding plan - static visibility across UP, Bihar and Jharkhand
Shravani Mela branding plan - static visibility across UP, Bihar and JharkhandShravani Mela branding plan - static visibility across UP, Bihar and Jharkhand
Shravani Mela branding plan - static visibility across UP, Bihar and Jharkhand
 
Segmentation, Targeting and positioning (1).pptx
Segmentation, Targeting and positioning (1).pptxSegmentation, Targeting and positioning (1).pptx
Segmentation, Targeting and positioning (1).pptx
 
Chemical Industry- Rashtriya Chemical Fertilizers (RCF) .pptx
Chemical Industry- Rashtriya Chemical Fertilizers (RCF) .pptxChemical Industry- Rashtriya Chemical Fertilizers (RCF) .pptx
Chemical Industry- Rashtriya Chemical Fertilizers (RCF) .pptx
 
[Webinar - VWO] AI-First Strategies to Drive Traffic and Conversions for 2024...
[Webinar - VWO] AI-First Strategies to Drive Traffic and Conversions for 2024...[Webinar - VWO] AI-First Strategies to Drive Traffic and Conversions for 2024...
[Webinar - VWO] AI-First Strategies to Drive Traffic and Conversions for 2024...
 
The Marketing Vunerabilities in Tech and IP-Led Companies
The Marketing Vunerabilities in Tech and IP-Led CompaniesThe Marketing Vunerabilities in Tech and IP-Led Companies
The Marketing Vunerabilities in Tech and IP-Led Companies
 
Chandigarh Institute of Internet Marketing
Chandigarh Institute of Internet MarketingChandigarh Institute of Internet Marketing
Chandigarh Institute of Internet Marketing
 
Digital marketing is essential for global reach, engagement, and growth.
Digital marketing is essential for global reach, engagement, and growth.Digital marketing is essential for global reach, engagement, and growth.
Digital marketing is essential for global reach, engagement, and growth.
 
LinkedIn Marketing Plan for The Sparks Foundation.pdf
LinkedIn Marketing Plan for The Sparks Foundation.pdfLinkedIn Marketing Plan for The Sparks Foundation.pdf
LinkedIn Marketing Plan for The Sparks Foundation.pdf
 
Mobile App UI Design Trends .pdf
Mobile App UI Design Trends             .pdfMobile App UI Design Trends             .pdf
Mobile App UI Design Trends .pdf
 
TAM AdEx-Quarterly Report on Radio Advertising_2024.pdf
TAM AdEx-Quarterly Report on Radio Advertising_2024.pdfTAM AdEx-Quarterly Report on Radio Advertising_2024.pdf
TAM AdEx-Quarterly Report on Radio Advertising_2024.pdf
 
CAMPUSEDGE ENETERPRISE RESOURCE MANAGEMENT SOFTWARE
CAMPUSEDGE ENETERPRISE RESOURCE MANAGEMENT SOFTWARECAMPUSEDGE ENETERPRISE RESOURCE MANAGEMENT SOFTWARE
CAMPUSEDGE ENETERPRISE RESOURCE MANAGEMENT SOFTWARE
 
1704373070-KIM_-_ITI_ELSS_Tax_Saver_Fund.pdf
1704373070-KIM_-_ITI_ELSS_Tax_Saver_Fund.pdf1704373070-KIM_-_ITI_ELSS_Tax_Saver_Fund.pdf
1704373070-KIM_-_ITI_ELSS_Tax_Saver_Fund.pdf
 

5 facts about bitcoin

  • 1. 5 FactsaboutBitcoin Bitcoin has become too big to fail. With interest in the digital payment network spanning from tech enthusiasts to individual retail traders, and now encompassing large institutional investment firms – most people agree the success of Bitcoin is inevitable. One doesn’t have to look very far to find massive support and adoption of the cryptocurrency, even on the national government level. Although, it is still considered a new technology, and is going through its own price discovery, it reacts strongly to positive catalysts and is relatively resistant to negative chatter. These absolute facts will show why Bitcoin is digital granite now and will remain for many years to come. 1.Almost A Billion Transactions Completed According to data available on Nasdaq.com, since Dec. 2008, when Bitcoin became publicly available to purchase, to now Oct. 2021, the entire Bitcoin network has processed a whopping 677 million transactions and counting. In January of 2021, the number of daily transactions peaked at roughly 400,000 verified transactions for a single day. This is not a one-off, the average number of transactions processed daily on the Bitcoin network alone is 250,000. Many studies have calculated, this works out to about 7 transactions per second. In 2008, this seemed unfathomable, in 2021, the success of Bitcoin has become obviously inevitable. 2. Bitcoin Uses Renewable Energy
  • 2. Although China has recently enforced a massive crackdown on Bitcoin mining and usage, it remains the world’s undisputed leader in mining power, currently mining around 60% of the network’s collective hashrate. This is largely due to the cheap electricity pricing in some areas and the manufacture of the equipment done in the country. However, since the crackdown in China, the U.S. is surging behind and is now the world’s second largest mining power. Many large mining farms in Texas, Utah, and Pennsylvania are using the natural resources such as wind, hydro (water), and solar available to them to mine Bitcoin in a more environmentally friendly way. With all the focus on global environmental awareness, especially in the U.S., searching for new and innovative ways to uphold the Bitcoin network, while being kind to the Earth and mindful of energy consumption, is sure to progress and is possibly the next big move for Bitcoin. 3. Big Banks Invest in Bitcoin As Bitcoin continues to perform, banks across the world have taken notice. Currently, 50 of the world’s top 100 banks are holding or investing in Bitcoin in some form. Whether they hold it directly or by backing other crypto-oriented organizations to provide funding, there is bank interest everywhere. If crypto is going to disrupt the traditional financial system, the banks are sure to make money along the way. Amongst these large banks are Citigroup, UBS, Morgan Stanley, and JPMorgan Chase, just to name a few. Each of these banks have trillions of dollars in assets under management, and now offer the world’s largest crypto-backed funds on the market. 4. Bitcoin’s Creator is Anonymous One of the most beautiful aspects of Bitcoin is its anonymity of its creator, Satoshi Nakamoto. Most large companies or technologies that have developed over the years have a clearly defined figurehead, responsible for creation or bringing the product to market. While this is nice for fame and recognition to some, it leaves a lot of margin for corruption and manipulation. If one of these founders were to say, or do, something unpopular to public opinion the entire organization could be turned upside down and fall from its elite level. Bitcoin, being able to distance itself from this, survives in an environment that can be globally adopted without the need for a political influence or affiliation. The true identity of Satoshi is unknown to this day. 5. Bitcoin is Scarce If these coins are created from computing power, aren’t there enough computers in the world to produce infinite Bitcoin forever, much like printing money? In short, No. When the Bitcoin network was designed and written by Satoshi Nakamoto in 2008, the white paper addresses this head on. Satoshi clearly illustrates that there will only be 21 million coins mined, with the final coin being mined somewhere around the year 2140. Because miners are always running to uphold the network, and in turn earning a BTC reward, he designed the protocol to “Halve” the mining reward every 4 years, or 210,000 blocks. This ensures the miners wont rush to earn, and in turn leave the Bitcoin network completely “tapped” with no available coins to issue to miners
  • 3. or those willing to purchase the coins outright. The reward started very high to incentivize interested people to use their computing power to set this chain of events in motion. As it grows in popularity, the reward is halved in time to ensure everyone globally has an opportunity to participate in Bitcoin. This system is flawlessly executed and creates a supply limitation to battle potential inflation and create scarcity. Therefore, Bitcoin is a far superior cryptocurrency to others, as well as the traditional banking system we all use today for the U.S. dollar. This in combination with the layering, scalability potential Bitcoin has, creates a secure ever-expansive digital payment network, suitable for global decentralized “banking”. This disclaimer informs readers that the views, thoughts, and opinions expressedin the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research. Source: https://www.bitcoinofamerica.org/blog/5-facts-about-bitcoin/