Bitcoin

noun

Bit·​coin ˈbit-ˌkȯin How to pronounce Bitcoin (audio)
variants or less commonly bitcoin
: a digital currency created for use in peer-to-peer online transactions
Introduced in 2008 by a person or group using the name Satoshi Nakamoto, Bitcoin is the most prominent of a group of virtual currencies—money that exists mainly as computer code—that have no central issuing authority.Carter Dougherty
Bitcoin … is backed by no government and has a fluctuating value linked in part to a scarcity that is mathematically predetermined.Glenn Zorpette
The venture capital industry is beginning to take a good, hard look at a new financial instrument coming out of the bitcoin community—Initial Coin Offerings, or ICOs.Richard Kastelein
also, usually bitcoin : a unit of this currency
Commercial space venture Virgin Galactic—which announced on Nov. 22 that it would start accepting bitcoins to reserve a refundable $250,000 seat on a future trip—is just the latest of many businesses that have recently embraced the decentralized virtual payment system. (At press time, 1 bitcoin was worth roughly $879.) Time

Examples of Bitcoin in a Sentence

Recent Examples on the Web The disclosure also says Adams continues to hold at least $5,000 in Bitcoin and still owns a one-bedroom apartment in Brooklyn’s Prospect Heights neighborhood with Sylvia Cowan, an ex-girlfriend. Chris Sommerfeldt, New York Daily News, 17 June 2024 In the past seven days, Bitcoin has fallen roughly 6%. Rocio Fabbro, Quartz, 17 June 2024 Nova is one of many TikTokers to ascribe their financial success to their trust in the universe—touting techniques like using lunar cycles to buy Bitcoin and astrology to make $440,000 in crypto trading. Bysasha Rogelberg, Fortune, 16 June 2024 Officers in White Settlement received a call from a concerned bystander who saw the woman depositing large amounts of money into a Bitcoin ATM at a convenience store in the 2000 block of South Cherry Lane. Jaida Joyner, Fort Worth Star-Telegram, 14 June 2024 See all Example Sentences for Bitcoin 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'Bitcoin.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

2008, in the meaning defined above

Time Traveler
The first known use of Bitcoin was in 2008

Dictionary Entries Near Bitcoin

Cite this Entry

“Bitcoin.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Bitcoin. Accessed 16 Jul. 2024.

Last Updated: - Updated example sentences
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