5 INSANE Facts You Didn’t Know About Bitcoin

Today we’re here to bring you, yet another,
5 Insane Facts You Didn’t Know About Bitcoin!
What’s up CryptoPeeps!
It’s your girl, Ysa, here to deliver your daily dose of Bitcoin news!
If you’ve been following our channel, then you
may have seen our previous video called:
“5 Insane Facts You DIDN’T Know About Bitcoin” which talks about bitcoin pizza day and the mysterious
Satoshi Nakamoto.
Number 1: In 2015, Satoshi Nakamoto was actually nominated for a nobel prize in economic sciences
Speaking of the mysterious founder of Bitcoin, that a lot of people believe may just be pseudonym
did you know that Satoshi Nakamoto was nominated
for a Nobel Prize?
He was nominated in 2015 by Bhagwan Chowdhry,
a Professor of Finance at UCLA (University of California Los Angeles)
The Nobel Memorial Prize in Economic Sciences
is an award for outstanding contributions
in the field of economics, and it is generally regarded as the most prestigious award
in that field.
Chowdhry was invited to nominate someone for
the 2016 prize and couldn’t think of anyone better
than our boy, Satoshi Nakamoto.
Number 2:
The FBI once made $48M in 2013 by seizing bitcoins and auctioning them off
In 2013, the proceeds of 144,336 bitcoins
were claimed by the U.S. Justice Department,
which, at the time, was valued at around
$48M. These bitcoins were obtained after shutting
down the notorious online drug selling market Silk Road.
At the time, a single bitcoin was worth around $334,
which is why the total is around $48M.
It was pretty bad timing for the government
because, just that year, the price rose to $1000
and around $20,000 just last year!
Although it may have not been completely legal
to HODL at this point, imagine just how much richer
they’d be if they did?
Number 3:
Virgin Galactic accepts bitcoin!
If you’ve never heard of it, Virgin Galactic
is a spaceflights company that aims to develop
commercial spacecrafts, they also aim to provide
suborbital spaceflights for tourists and
suborbital launches for space science missions.
Sounds like it’s straight out of a sci-fi
movie, right?
Virgin Galactic was founded by Richard
Branson back in 2004.
Fun fact: Branson has initially hoped to see a maiden flight by the end of 2009
but has been delayed by a number of occasions.
How cool would it be to go to space
and to pay for it in bitcoins?
Forget buying a Lambo!
I think space travel is the way to go!
Number 4:
1,000 People Own 40% of the Market
A some of you may know, holders of large amounts of bitcoin are called
In the late 2017, someone moved almost 25,000
bitcoins, worth around $160M at the time,
to an online exchange.
People noticed and everyone was wondering
if the owner was going to sell.
Currently, 1,000 people own 40% of the market
Just think about how crazy that is!
These whales can coordinate their moves together.
Many of the large owners have actually known each for years and have invested in bitcoin
back in its early days.
They can potentially band together to tank
or prop up the market.
Let’s see how this all plays out, shall we?
Number 5:
Bitcoin is a legal payment method in Japan
In April 1, 2017, Japan passed a law that recognizes bitcoin as a legal tender.
If you don’t know what a legal tender is,
it means that bitcoin MUST be accepted if
offered in payment of a debt.
Japan’s Financial Services Agency officially
recognized 11 companies as registered cryptocurrency
exchange operators.
Those said companies were given requirements to build a strong
computer system to check the identity of their users to prevent money laundering.
These requirements were intended to prevent
investors from fraud
while also supporting financial innovation.
I wonder when other countries are gonna believe in it this much as well?
Got any facts you want to share?
Don’t forget to let us know
in the comment section down below.
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Once more, I’m Ysa, and this is, WeTheCryptos!

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