Latest Bitcoin Stats and Facts for 2021
Bitcoin is the new and virtual gold of our era. Satoshi Nakamoto invented Bitcoin in 2009; however, the real identity is still not confirmed. Satoshi was motivated by the idea of decentralizing the control on money by the state. Currently, Bitcoin is the most expensive cryptocurrency, and one bitcoin is worth 56,521 USD as of 15th March 2021. In 2021, the general public took a big interest in cryptocurrency, especially after Elon Musk’s tweets. Here are some latest stats and facts to catch you up on all the Bitcoin updates.
- Bitcoin’s Massive Carbon Footprint
The latest research by Cambridge University shows that Bitcoin mining consumes more energy than many countries. With a CBECI (Cambridge Bitcoin Electricity Consumption Index) of 124, Bitcoin mining is far ahead of countries like Pakistan, Greece, and New Zealand, which have a CBECI of 90, 54, and 41, respectively. Mining a single bitcoin requires solving complex math puzzles, which accounts for the massive electricity usage by bitcoin miners.
- The Tesla Bitcoin Collab
Recently, Elon Musk and Tesla have been heavily associated with Bitcoin. It all started from Elon Musk’s tweets, which nudged people to invest in Bitcoin and surged its market value. Musk even hinted that they might accept cryptocurrency as payment for the Tesla cars. This increased interest of Elon Musk in cryptocurrency shows that there might be something big in store. Even Mastercard announced that it would support cryptocurrency in the future.
- Future of Bitcoin
With this tremendous interest in bitcoin and cryptocurrency increasing day by day, we can certainly predict that it will become much more valuable over time. We have always heard people advising never to sell your bitcoin. But this time, take that advice seriously. Many analysts predict that a single bitcoin will be over worth 300,00 USD by the end of 2021 and will range from 1 to 100 million USD by 2030. With a finite number of bitcoins out there, it is prime time you invest in a coin or two.
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