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1. What is Bitcoin (BTC)?
Name: Bitcoin
Symbol: BTC
Overview:
Bitcoin is the world's first and largest cryptocurrency. The word "blockchain" is derived from its whitepaper.
Bitcoin earned a lot of notoriety primarily because of its use by members of the now shut-down Silk Road - an illegal online marketplace that facilitated the sale of drugs worth hundreds of millions of dollars, guns, stolen financial information, counterfeit documents and more. All Silk Road transactions were conducted exclusively in bitcoin.
The first Bitcoin real-world transaction took place on 22nd May 2010 and involved 10,000 bitcoins being exchanged for $25 worth of pizza.
Bitcoin was hacked in August 2010 when some hackers exploited a vulnerability and generated billions of bitcoins which were sent to two addresses on the network. The vulnerability was fixed, the transaction was erased from the transaction log and the Bitcoin network was forked to an updated version.
Bitcoin isn't 100% anonymous. All its transactions are recorded on its publicly available Blockchain.
Bitcoin’s total supply is limited by its software to 21 million. New coins are issued as rewards to "miners". On launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes around 4 years. As of 2021, the block reward is 6.25 bitcoins.
Bitcoin has not been pre-mined, meaning that no coins have been distributed between the founders before Bitcoin became available to the public.
On 7 September 2021, El Salvador became the world’s first country to recognize Bitcoin as legal tender
Consensus mechanism: Proof of Work
2. Metrics
As of 14 September, its core metrics are:
Price metrics
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Current Price:
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$186
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All-time high (7 September 2021)
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US$ 46,032
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All-time high (Apr 14, 2021)
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US$ 64,863.10
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All-time low (Jul 05, 2013)
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US$ $65.53
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Supply metrics:
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Circulating supply:
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18,814,637 BTC
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Total supply:
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18,814,637 BTC
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Maximum supply:
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21,000,000 BTC
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Note:
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Circulating Supply is the number of coins / tokens in public hands.
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Total Supply is the number of coins / tokens created minus the number burned.
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Maximum Supply is the maximum amount of this crypto that can ever exist
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Marketcap & Volume metrics:
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Market Cap:
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US$ 840,527,067,824
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Fully Diluted Market Cap:
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US$ 938,156,203,827
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Volume (24h):
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US$ 31,682,754,270
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Volume / market cap ratio:
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0.037
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Velocity:
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1,684
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Note:
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Market cap = Current Price x Circulating Supply
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Fully Diluted Market Cap is the market cap if the maximum supply was in circulation
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Volume (24h) is the fiat value of this crypto traded over the last 24 hours
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Dominance measures a crypto's total market capitalization relative to the total market cap of all cryptos
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Volume / market cap ratio = 24h Volume / Marketcap
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Velocity = 24h Volume / Circulating Supply
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Vladimir Club Cost is the cost of owning 1% of 1% (0.01%) of an asset's "eventual" supply
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RoI metrics:
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Year
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Returns
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2020
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303 %
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2019
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87 %
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2018
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-72 %
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2017
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1,295 %
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2016
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123 %
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2015
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37 %
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2014
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-57 %
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2013
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5,394 %
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2012
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156 %
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2011
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1,474 %
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Risk metrics:
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Volatility
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Sharpe ratio
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Last 30 days
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0.62
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-1.32
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Last 90 days
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0.69
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0.9
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Last 1 year
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0.79
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2.2
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Last 3 years
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0.77
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1
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Note:
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Volatility measures the annualized standard deviation of daily returns
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Sharpe Ratio measures the excess return for a given level of risk
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3. Wallets
There are a large number of mobile, desktop, and hardware wallets for Bitcoin.
Note: The data/graphs are from CoinMarketCap, Messari, and Future Money Wallet. Figures as of 7 September 2021.
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