bitcoin

[bit-koin]

Phonetic (Standard)IPA

noun

Often Bitcoin the first widely established cryptocurrency, which uses state-of-the-art cryptography, can be issued in any fractional denomination, and has a decentralized distribution system.
Increasing numbers of stores and online businesses accept Bitcoin.
a single unit of bitcoin, the first widely established cryptocurrency.
The value of a bitcoin has sometimes surpassed the value of an ounce of gold.

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Usage

��'s the difference between bitcoin, cryptocurrency, and digital currency? See digital currency ( def. ).

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Word History and Origins

Origin of bitcoin¹

First recorded in 2005–10; bit ³ ( def. ) + coin

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Example Sentences

Examples have not been reviewed.

All because two fellow crypto enthusiasts, whom he personally knew, desired access to his multimillion-dollar Bitcoin fortune—and were willing to do anything to make him give up the password to his virtual wallet.

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According to Carturan’s account, he only escaped after agreeing to give up the passkey to his Bitcoin wallet, claiming it was stored on his laptop; when his tormenters left him behind to fetch the computer, Carturan bolted from the premises.

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Ari Redbord, a former federal prosecutor who now heads global policy for TRM Labs, gave me a blunt explanation for this surge: “We’ve seen the price of Bitcoin double in the last year or so. Criminals tend to go where the money is. These aren’t cybercriminals. These aren’t hackers. They don’t need sophisticated tools.”

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A few days later, longtime software engineer and Bitcoin maximalist Jameson Lopp gave a detailed presentation on the escalation in wrench attacks at the Bitcoin Conference in Las Vegas.

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This year, Bitcoin’s value has reached all-time highs—and 2025 is on pace to see a record amount of wrench attacks worldwide.

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bitchy bite

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