bitcoin

[bit-koin]

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. ).

Word History and Origins

Origin of bitcoin¹

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

Example Sentences

Investors are pouring money into dollar alternatives like bitcoin and precious metals.

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The playbook: raise money through stock and debt sales to buy bitcoin and other digital tokens.

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Some 25% of all bitcoin treasury stocks are trading below the total value of the tokens they hold, according to K33 Research.

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The playbook is to raise capital by issuing new shares or debt, and use the cash to stockpile bitcoin and other cryptocurrencies.

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Corporate purchases of bitcoin have fallen steadily in recent months, and in September dropped to their lowest pace since April.

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