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Incredible Bitcoin stories and facts


Johannesburg, 06 Apr 2021
Read time 3min 30sec

Bitcoin has been around for over a decade, and during this time, a number of incredible stories have accumulated. A lot of them are very known to the public, but some are still surprisingly not that famous. In addition, there are many interesting facts about Bitcoin that everyone should know. In this press release, we have picked some of the most interesting facts and stories about this revolutionary crypto-currency.

Satoshi Nakamoto

Satoshi Nakamoto is the mysterious inventor of Bitcoin and the blockchain network. He/she worked with other cypherpunk supporters on these innovations. His/her name is associated with the famous white paper: 'Bitcoin a Peer-to-Peer Electronic Cash System'. The real identity of Nakamoto is still a great mystery, and the supporters who have been interviewed so far have explained that he/she has shared very little personal information and avoided any questions about his/her personal life.

The independent blockchain network

A lot of people are not aware that Bitcoin was developed during the financial crisis that rocked the financial world globally in 2008. So, supposedly, Nakamoto wanted to create a payment system that works without the meddling of financial institutions or their control. As a result, Nakamoto created the blockchain network, which is a system that operates based on the individual contribution of each participant (miner). It offers total transparency on the network, and the transactions are processed almost instantly without any additional fees.

But what makes this system very appealing is that the identity of every user remains confidential. Nowadays, blockchain technology has taken the world by storm, and it is being tested and applied in various businesses.

Online trading sites

When the first trading site was launched, Bitcoinmarket.com, it was one of the main ways where you could trade BTC and also check the price of Bitcoin. Otherwise, before trading sites, users could only make deals to trade their BTC on forums, which was a very unreliable and unsafe way of obtaining BTC.

The number of online trading platforms has definitely grown, and you can choose to trade on sites that work for your budget. Immediate Edge is a well-known all trading platform that has software powered by high-quality artificial Intelligence technology. It is an encrypted site that is very secure, and you can start trading when you make a deposit of $250.

Bitcoin Pizza Day

Bitcoin Pizza Day is actually a special day for the Bitcoin community that takes place on 22 May. But this event comes from a trade between Laszlo Haynes and another user on the Bitcointalk forum. Laszlo invested 10 000 BTC for two pizzas from Papa John's. It is worth mentioning that today, one Bitcoin is worth more than $50 000, but Haynes reportedly didn't regret his decision because he wanted to use his BTC in the real world. Actually, this is the first commercial BTC transaction.

The teenage millionaire

Erik Finman is one of the youngest Bitcoin millionaires. He managed to earn a huge return on investment because the price of Bitcoin surged in 2017 and again in 2020. What we know is that he invested $1 000 that he got from his grandmother for his birthday, in BTC. Today, he owns around 446 BTC and has a net worth of around $4.5 million.

BTC investment of Tesla

Recently, Elon Musk made the decision to invest from corporate cash $1.5 billion in BTC. Thanks to the support from companies like Tesla, the demand for BTC is growing, and it's one of the reasons why Bitcoin's price has increased well over $50 000. The company also announced it would accept BTC payments. Currently, there are approximately 15 000 companies that accept BTC payments, and we predict that the number will go up very soon.

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