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bitcoin

American  
[bit-koin] / ˈbɪtˌkɔɪn /

noun

  1. 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.

  2. 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.


Usage

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

Etymology

Origin of bitcoin

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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Chun said the “biggest underappreciated risk in the market” right now is the “unprecedented convergence” of three long-running and winning themes for investors: AI, bitcoin and private credit.

From MarketWatch

The third part is bitcoin, which has become “increasingly entangled” with AI and private credit.

From MarketWatch

That’s as bitcoin mining firms in the past two years have repurposed big-scale data centers to host AI workloads, Leuthold said.

From MarketWatch

To fund this, many miners have borrowed from private credit markets, with bitcoin their most liquid collateral.

From MarketWatch

“The diversification benefit among AI, bitcoin and private credit is just not what people think at this point,” Chun said.

From MarketWatch