• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
bitcoin
Nexo

These 3 Facts About Bitcoin Will Make You Stop and Think

Christina Comben by Christina Comben
3 years ago
in Bitcoin, News, News teaser
0
Advertisement

We know it’s hard but take your eyes away from the price action for one minute. Now check out these three amazing facts about Bitcoin that will make you stop and think.

1. Less Than 1% of the Population Uses Bitcoin

The wild ride that Bitcoin has taken us on over the years has been dramatic. Horrifying, intense, elating, and crushing all at once. 

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

But while many of us are glued to the price action, it’s easy to forget that the sweeping majority of the world don’t have a clue what Bitcoin even is.

Let that sink in for a moment. There were just 32 million wallets registered as of Q1 2019. That’s less than 1% of the entire global population using Bitcoin.

While Bitcoin may be all-consuming for you, keep in mind that you’re still part of a very small club. Facebook may be the corporation that takes cryptocurrency to the masses and eventually brings them accross. But there’s still a very, very long way to go before Bitcoin becomes massive.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

2. Bitcoin Can Help Half the World Fight Against Oppression

There are currently 49 dictatorship countries in the world. That represents around 50% of the global population. Almost four billion lives that Bitcoin could help to change.

These are mostly people who have no say in the dilution of their national currency, censorship of the media, or access to bank accounts. 

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

China may have banned people trading cryptocurrency, but Bitcoin is unbannable. You can’t ban open-source distributed software. Even if the internet is shut down, you can send Bitcoin via SMS or beam the network down via satellite.

3. There Are More Hashes Than Grains of Sand

more bitcoin hashes than sand
bitcoin

Still, think it’s all about the price volatility? According to Blockchain.com, the Bitcoin network hash rate just reached an all-time high at 69 quintillion hashes per second. 

If that sounds like a rather large number, that’s because it is. Some 10 times the number of grains of sand on Earth in fact. That may leave your mind blown or it may leave you wondering who’s ever counted the grains of sand. Either way, it’s pretty impressive indeed. 

Facts About Bitcoin – The Takeaway

While it may seem like it’s all about the price especially in recent weeks, there are plenty of facts about Bitcoin that highlight just how special it is. And how early on in the game we are.

Satoshi’s creation could help more than four billion people around the world escape dictatorial regimes. It could change the way people think about money and provide them financial freedom. But they have to be made aware of it first. There are still many obstacles to face. 

You might wake up today disheartened by the 11% 24-hour drop. But keep in mind that beyond the hype and speculation, Bitcoin has real power.

Do you think Bitcoin is wonderful and can redefine human lives? Share your thoughts in the comments below. 


Images courtesy of Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christina Comben

Christina Comben

Related Posts

Bitcoin Bearish Signal: Leverage Ratio Spikes Up

Bitcoin Bearish Signal: Leverage Ratio Spikes Up

6 hours ago
Bitcoin Gets Praised For Its Technical Features By Brazil Central Bank’s Chief

Bitcoin Gets Praised For Its Technical Features By Brazil Central Bank’s Chief

14 hours ago
Elon Musk

Elon Musk To Twitter: Let’s Do A Public Debate On Bots!

17 hours ago
Reports Show Alexander Vinnik, BTC Exchange Operator Extradited To The U.S.

Reports Show Alexander Vinnik, BTC Exchange Operator Extradited To The U.S.

2 days ago
Bitcoin

Bitcoin Is A ‘Remarkable Cryptographic Achievement,’ Ex-Google CEO Says

2 days ago
Touadéra, a coin with Binance's logo

Binance’s CZ Visits The Central African Republic, Meets President Touadéra

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.