This Article explains more about Bitcoin and answer some of the questions people are asking on Google about Bitcoin trading.
Table of contents:
- When Bitcoin came to Nigeria.
- How many people are holding Bitcoin in 2024/2025
- Who owns Bitcoin?
- Who owns the most Bitcoin
- Total Bitcoin supply
- How much is Bitcoin
- How are Bitcoin mined.
- How to invest/Buy Bitcoin
- When Bitcoin came into Nigeria: Bitcoin is a world digital currency which came into Nigeria in year 2009/2010. During this time 95% of Nigeria doesn't know what Bitcoin is all about, while Alot of people was saying that Bitcoin is a currency made by anti Christ (666) which was created for anyone who accepted the mark. During that time that was how ignorant Africans / Nigerians are against Bitcoin, not until Bitcoin started becoming popular in 2012 and so on.
- How much people are holding Bitcoin:
- Bitcoin Users Key Facts
- Bitcoin Owners 106 million
- Bitcoin Wallets 200 million
- Bitcoin Traders 53 million
- Daily Bitcoin Transactions 270,000
Who Owns Bitcoin?
Satoshi Nakamoto is the anonymous creator of Bitcoin, but he doesn’t own the Bitcoin project. Nobody owns the Bitcoin project.
Bitcoin is software run by a decentralized network, which means no single party is in control of the set of rules in the software. These rules must be agreed upon by the network participants in order for them to transact.
Who Owns The Most Bitcoin?
Satoshi Nakamoto owns the most bitcoin, with an estimated 968,452 BTC. Satoshi not only invented but was also the first miner to create blocks of transactions. Satoshi was rewarded with nearly one million bitcoin in cumulative block rewards for the work. These bitcoin are spread across approximately 20,000 addresses and have remained untouched, except for a few test transactions.
Total Bitcoin Supply:
Under the current Bitcoin software rules, there can never be more than 21 million bitcoin. For that reason, percent ownership of the total bitcoin supply can be safely calculated using the hard cap of 21 million.
However, some models use the total supply of bitcoin excluding the more than 968,000 BTC that Satoshi Nakamoto received in block rewards and the estimated 1.6 million coins that are lost forever. This places the total supply of bitcoin closer to 18 million rather than 21 million.
Regardless of the model used, there is a strict upper limit on the number of bitcoin that will ever exist. Therefore, all bitcoin owners can be confident that their share of bitcoin will never be diluted below a certain percentage.
How much is 1Bitcoin?
According to the current price of Bitcoin in the crypto market as the time of writing this content.
1Bitcoin price in dollar is $92,960.58, while the Bitcoin price in naira is N145,594,840.71
Bitcoin price in Dollar
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Bitcoin price in naira
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How Bitcoin is been mined?
Bitcoin runs on a decentralized computer network or distributed ledger that tracks transactions in the cryptocurrency. When computers on the network verify and process transactions, new bitcoins are created, or mined. These networked computers, or miners, process the transaction in exchange for a payment in Bitcoin.
Bitcoin is powered by blockchain, which is the technology that powers many cryptocurrencies. A blockchain is a decentralized ledger of all the transactions across a network. Groups of approved transactions together form a block and are joined to create a chain. Think of it as a long public record that functions almost like a long running receipt. Bitcoin mining is the process of adding a block to the chain.
How to invest/Buy Bitcoin
To buy Bitcoin which the price rate for 1Btc is over $90million, you can't buy it that way except you have the money. If not the way to buy Bitcoin is to buy with Dollar, you can decide to buy $10 worth of Bitcoin - $100,000 worth of Bitcoin, you can even buy for $1 depending on your pocket.
You buy from a crypto exchange company like, Binance, Bybit, Coinbase, Luno wallet, Trust wallet, Kucoin, Coincheck, Bitget, Busha ETC. you can download any of this exchanges and create an account with them, do your verification successfully and start your trading.
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