Eleven years ago today, the Bitcoin white paper was published, forever changing technology, finance, and our relationship with money. Here are 11 quantitative indicators around Bitcoin’s continuous momentum and growing global utility. Read more: blog.coinbase.com/charting-the-c…
2/13 Bitcoin has gone from an idea in 2008, and a first transaction in 2009, to over 27 million users in the US alone in 2019. Today, Bitcoin accounts are trending toward all-time highs, even amid price movements, according to @CoinMetrics
@coinmetrics 3/13 Interest in Bitcoin has been spreading across the world since 2009. For many years a new country has taken the top spot for highest relative interest in Bitcoin, according to @googletrends.
@coinmetrics @GoogleTrends 4/13 By allowing anyone with a computer and internet access to run a node, Bitcoin allows anybody to have an equal vote in a global system; more nodes increases decentralization and security. Today, 55,000+ computers in 96 countries are running full nodes on the network.
@coinmetrics @GoogleTrends 5/13 Since 2013, bitcoin has outperformed the world’s most popular stock indexes, including tech stocks and the S&P 500. This year, bitcoin has also outperformed world stock market indexes, generating a 132% return.
@coinmetrics @GoogleTrends 6/13 Buying $10/mo in Bitcoin over the past 4 years would have resulted in a 595% gain.
@coinmetrics @GoogleTrends 7/13 Demand for Bitcoin in economically volatile regions reached record highs in 2019. Since 2013, volumes on Argentine peso, Hong Kong dollar, and Venezuelan bolivar bitcoin pairs have exceeded $600 billion in total value. cc @LocalBitcoins 
@coinmetrics @GoogleTrends @LocalBitcoins 8/13 Bitcoin's ability to settle immense value across borders, 24/7, is unprecedented in the history of money. Over $7 trillion worth of bitcoin has been transferred since 2008.
@coinmetrics @GoogleTrends @LocalBitcoins 9/13 Bitcoin’s best known attack vector involves a bad actor altering the Bitcoin network by controlling more than 50% of the computing power, or hash rate. And at this point in time, attacking the Bitcoin blockchain would cost $4+ billion in hypothetical hardware costs alone.
@coinmetrics @GoogleTrends @LocalBitcoins 10/13 Compared to the legacy financial system, Bitcoin fees and transaction time are minimal. Sending bitcoin is typically 60x more cost effective and up to 48x faster than an international wire transfer.
@coinmetrics @GoogleTrends @LocalBitcoins 11/13 A current limitation of Bitcoin is that it can generally only process around 7 transactions/second. The @Lightning Network is one path to increased throughput, and works by creating additional transaction channels. The Lightning Network has grown by over 19x since Feb.
@coinmetrics @GoogleTrends @LocalBitcoins @lightning 12/13 Bitcoin’s code limits the max. amount that may ever exist. Over 18M bitcoins have been mined, edging toward the 21M max—estimated to be reached in 2140. Bitcoin supply increases at a steady 3.7% compared to higher historical averages for USD (36%) and Argentine Peso (129%).
@coinmetrics @GoogleTrends @LocalBitcoins @lightning 13/13 And the next time a parent, sibling, or best friend asks, “Why Bitcoin?” consider these 11 potential ways to answer: blog.coinbase.com/charting-the-c…
@coinmetrics @GoogleTrends @LocalBitcoins @lightning Correction to 7/13: Since 2013, volumes on Argentine peso, Hong Kong dollar, and Venezuelan bolivar bitcoin pairs have exceeded $600 MILLION in total value.
