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: altcoin ( def ).
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 Note

��'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 none

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Example Sentences

Examples have not been reviewed.

Cantor Fitzgerald, which lost hundreds of employees in the 9/11 attacks, has billion-dollar positions in MicroStrategy — the world’s largest corporate bitcoin holder — and is invested in Nvidia, a leading AI chipmaker.

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The firm is deeply invested in cryptocurrencies including bitcoin and ethereum ETFs.

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He has also signed an order to create a Strategic Bitcoin Reserve as well as a Digital Asset Stockpile, which will include other digital currencies.

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A Scottish boarding school has announced it will accept payments of school fees in the cryptocurrency Bitcoin.

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Tuition payments will be accepted in Bitcoin from autumn term this year, but these will initially be converted to UK pounds to "mitigate currency risk".

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bitchy bite

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