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.

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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

On Thursday, Citi Research issued a 12-month price target for Bitcoin of $143,000.

From Barron's

It’s also worth noting that, as recently as October, Citi’s 12-month Bitcoin forecast was $181,000.

From Barron's

London-based Standard Chartered has taken a similar approach, halving its 2026 Bitcoin forecast to $150,000 from $300,000 last week.

From Barron's

While Wood was mostly concerned with the rise of stablecoins, both Citi and Standard Chartered built a large part of their case for 2026 gains on further institutional and Main Street adoption of Bitcoin, particularly by ETFs.

From Barron's

If Bitcoin recovers its mojo, it’s likely investors piling into Bitcoin ETFs and other vehicles will give the cryptocurrency an additional tailwind.

From Barron's