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

NordVPN and Surfshark accept major credit cards, PayPal and cryptocurrencies such as Bitcoin.

From Salon

The new offering from Better Home & Finance and Coinbase allows home buyers to pledge bitcoin and other cryptocurrencies when making a down payment.

From The Wall Street Journal

Instead, Sands sees them loading up on bitcoin, backing niche dental-technology companies and pouring money into questionable real-estate ventures.

From The Wall Street Journal

A swift end to the conflict would almost certainly be a boon for Bitcoin.

From Barron's

Bitcoin prices have pulled back significantly in recent months, with prices down more than 40% since peaking in October.

From The Wall Street Journal