10 facts not everyone knows about Bitcoin - the digital currency is causing fever today

Within a short period of time, there were many fluctuations in the market and controversial, but bitcoin was still attractive to a large number of investors.

Even the most technologically knowledgeable of us has a hard time learning about Bitcoin. This digital currency is a hot topic and is regularly discussed among investors. So there are many things you should know about it.

For starters, here's a simple explanation of bitcoin: Bitcoin is a digital currency that is not controlled by a central agency like government or bank.

It was created by 'bitcoin miners' who use computers and specialized software to perform trading algorithms, securing the system of this currency and accumulating bitcoin in trade exchange. Supporters say that bitcoin allows internet transactions to become safer by recording and storing all transaction information.

Although it was only traded for 8.5 years, bitcoin is considered the oldest and most valuable digital currency in history. Within a short period of time, there were many fluctuations in the market and controversial, but bitcoin was still attractive to a large number of investors.

According to the Entrepreneur, here are 10 facts that everyone should know about bitcoin.

1. The origin of bitcoin

Bitcoin was born in 2008 when its 'father' - a man with the nickname Satoshi Nakamoto published a description of a peer-to-peer digital system called bitcoin. .

Nakamoto then left this project in 2010 and disappeared, but other 'miners' continued this work. Bitcoin's birthday is January 3 when Nakamoto digs the first 50 bitcoin units.

2. The identity of the person who makes bitcoins remains a mystery

Until now the true identity of the person behind bitcoin has yet to be revealed. Newsweek once claimed to have found the identity of 'father bitcoin' in 2014, residents of Dorian Street Satoshi Nakamoto. However, this man denied.

By 2015, an Australian businessman Craig Wright identified himself as the person who created bitcoin but could not give convincing evidence. At the end of last year, he went on to give evidence and after The Economist approached Wright, it was concluded that this was probably Satoshi Nakamoto. Whoever Nakamoto is, this is definitely a very wealthy person because it is estimated that the founder has "dug" millions of bitcoin from the early days.

3. The most expensive pizza of all time is bought with bitcoin

The first bitcoin-related transaction took place on May 22, 2010 when a programmer named Laszlo Hanyecz said he had successfully traded 10,000 bitcoin to buy a pizza. As of September 20, 2017, 10,000 bitcoins are worth about $ 38 million and this is the most expensive pizza in the world.

4. You can shop with bitcoin

This may sound unbelievable but it is clear that people can still use bitcoin to buy and sell goods. Many large businesses now accept payment in this virtual currency including Overstock.com, Expedia, Newegg and Dish. Peach Aviation became the first airline in Japan to accept Bitcoin air fare payment as the low-cost carrier is trying to attract Asian customers.

5. The US government used to hold a lot of bitcoin

There was a time when the US government was one of the places holding the most bitcoin. In 2013, after the FBI closed Silk Road - a black web where people could buy illegal drugs and goods, the US government took over bitcoin wallets that the website This manager, one of which holds about 144,000 bitcoin units. The bitcoin is then auctioned and there are still bitcoin auctions that are confiscated from illegal activities.

6. Is Bitcoin easily stolen?

In early 2014, bitcoin suffered a heavy loss after the Mt. Gox in Japan was attacked. At that time, the number of stolen bitcoins was worth up to $ 460 million. It's the biggest bitcoin theft in history and it has raised concerns about the safety of the currency.

7. Billionaire views about bitcoin

Warren Buffett, the world's most famous investor, is not interested in bitcoin. One of the rarest times he talked about this virtual currency on CNBC is: 'Stay away from it, it is a kind of illusion. The idea of ​​holding a huge virtual money for me is just a joke '.

Another billionaire investor, Jamie Dimon - CEO of JPMorgan Chase even made stronger criticisms of bitcoin. 'You cannot have a business where people invented a currency that exists only in the air. It will never end well . Many people will suffer and then Government intervention. '

However, not all billionaires 'turn away' from bitcoin. Mark Cuban once said that bitcoin's value is being exaggerated, but recently he invested in a bitcoin venture fund. As for billionaire Richard Branson, he is quite optimistic about the future of this currency.

8. Wealthy investors

One of the most notable bitcoin investors is Cameron and Tyler Winklevoss - the pair of Harvard graduates who sued Mark Zuckerberg for claiming that Facebook was born based on their ideas.

In 2013, the twin brothers invested $ 11 million in bitcoin, a figure equivalent to 1% of the bitcoin circulating at the time. Even these two investors submitted to the SEC to create a bitcoin money trading fund, but this proposal was rejected earlier this year.

Besides, entrepreneur and investor Erik Finman is also one of the famous bitcoin investors. He invested $ 1,000 in bitcoin at the age of 14 and has now become a millionaire.

9. Many celebrities are also interested in bitcoin

Many celebrities in the entertainment world also expressed interest in this virtual currency. Goop actor and founder Gwyneth Paltrow suggested using Abra - a bitcoin wallet. Meanwhile, Ashton Kutcher, Nas and Floyd Mayweather all invest in bitcoin startups.

10. Support from a large financial institution

In August 2017, Fidelity Investments became a rare highlight among financial institutions wishing to hold bitcoin and many other digital currencies. The company allows customers to use Fidelity's website to track their holdings of Bitcoin through Coinbase e-wallet providers.