10 Happy Go Lucky Bitcoin Truths All Cryptocurrency Fact Checkers Should Know
Bitcoin has been stuck in a bear market for longer than most people would like and at this point, a few positive bitcoin facts are warranted. Here are 10 positive facts that may be able to cheer people up:
- Bitcoin Founder Still Unknown
After all this time, one would think that the founder of bitcoin would be known – but no, he still is not. The only piece of information that bitcoin followers have is his name, Satoshi Nakamoto. As for anything else, it is unknown.
- May 22 Was the First Transaction
The first bitcoin transaction took place on May 22. This day is also known as “”Pizza Day.” The transaction involved Laszlo Hanyecsz, who bought to Papa John’s pizzas worth 10,000 bitcoins. That amount of bitcoin was valued at $40 at the time.
- Bitcoin is Limited
The amount of bitcoins in the world will never exceed 21 million. Right now, there has been 17 million mined, thus there are 4 million left to go. There is no way to exceed the 21 million once it has been reached.
- Crypto-Friendly Countries
There are crypto-friendly countries out there, and they include China, Malta, India, and Georgia. As for the United States, it is looking to create a cryptocurrency-friendly tax scheme.
- Bitcoin is a Mechanism for Crime
According to the DEA, just about 10% of bitcoin has been used for criminal activity.
- The Unofficial Mascot of Bitcoin is the Honey Badger
The honey badger is recognized as a tough animal that can withstand bee attacks, injuries, and bites from poisonous creatures. Due to its resilience, the creature may be the perfect bitcoin mascot.
- More Digital Wallets than Banks
Not all banks are receptive to cryptocurrency and so now, there has been a massive influx of digital wallets.
- Bitcoin Predates All Other Crypto
Bitcoin is a wildly successful cryptocurrency and once it started being successful, other cryptocurrencies were established. Essentially, bitcoin “paved the way” for altcoins and others.
- Bitcoin Generates Heat
Bitcoin mining use a massive amount of electricity and return that electricity in the form of heat. The heat has been used to heat homes, businesses, and more.
- Bitcoin is Commonly Used Among Millennials
Millennials are probably the most prominent group that uses bitcoin. They invest in bitcoin more regularly than other age groups and they may be in a better position to understand the technology.