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Numbers you need to know about the biggest cryptocurrency
Bitcoin's founding is the stuff of legend: it was created in 2009 by the alias Satoshi Nakamoto, who had the idea that money shouldn't be controlled exclusively by a centralised government or agency.
Since then, bitcoin has smashed all records — notably in December 2017, when it reached more than $23,000 (US$19,000) per coin. It's simply changed the way we think about money.
Key statistics about bitcoin:
Who uses bitcoin?
- Women comprise only 3% of those in the bitcoin community.
- A 2015 CoinDesk survey revealed that more than 90% of bitcoin users are male.
- The CoinDesk survey also found that 60% of bitcoin owners are under 35 years old, and 65.8% identify as white, followed closely by those who identify as Asian.
- Of bitcoin users, most are 25 to 34 years old (45.71%), followed by those aged 35 to 44 (30.62%).
- The most popular currencies to change into bitcoin are the Japanese yen and the US dollar.
- A December 2017 finder.com.au survey found that 7% of Australians have invested in bitcoin or another cryptocurrency, while a further 20% have considered it.
How popular is bitcoin?
- In the last three months of 2017, each day saw an average 321,775 confirmed bitcoin transactions.
- More than 665,000 Redditors subscribe to the r/Bitcoin community.
- In one day — on 7 December 2017 — there were 155.6K tweets about bitcoin. Even the lowest point, on 8 January 2018, saw 30.6K bitcoin tweets.
What about mining?
- The first real-world bitcoin transaction was a pizza purchase on 22 May 2010, from Papa John's, for 10,000 BTC. The pizzas were valued at US$25 at the time. Today, those pizzas would be worth nearly US$140 million.
- Unlike other cryptocurrencies, the number of bitcoin is finite — exactly 21 million are available for mining, with 16.8 million already mined.
- It took five years for a single bitcoin to be worth US$1,000. In contrast, from 1 January 2017 to the 2018 New Year, bitcoin’s value has increased from US$800 to US$14,000, hitting a high of US$19,000 in December 2017.